Management Accounting

This module aims to ensure that students develop a knowledge and understanding of the
various budgeting and cost accounting principles, concepts and techniques appropriate for
planning, decision-making and control, and the ability to apply these techniques in the generation of
management accounting reports. Students are also introduced to key management accounting
concepts used in the public sector.

On completion of this module, candidates will reach a competency sufficient to be able to:

• Identify, explain and apply contemporary approaches to the standard costing of products and services and explain and comment on their application
• Identify and explain the issues of budgetary control in management decision-making and prepare key budgets
• Use management information from variance reports to support decision making
• Use management information to apply decision-making techniques relevant to short-term decisions
• Identify, describe and calculate relevant data for use in long-term decision-making and comment on their applications
• Identify and explain the key features of effective performance management systems