Course overview
This course aims to provide an understanding of how management accountants facilitate decision-making within an organisation. It highlights the critical role of management accounting in organisational planning and control. Upon completion, students will be able to conduct cost-volume-profit analysis, determine product costs, estimate costs, manage costs, develop budgets and standards, conduct variance analysis, understand responsibility accounting, use relevant costs and information for decision-making, manage performance, account for sustainability, and comprehend management control systems. This course prepares students to effectively support decision-making and promote sustainability in business environments.
- Management Accounting & Cost Allocations
- Budgeting And Decision Making
- Performance Management & Sustainability
Course learning outcomes
- Explain the roles of management accounting in planning, control and decision-making
- Analyse and differentiate between various costing systems to calculate and manage product costs
- Develop budgets for control and long-term financial planning
- Identify and analyse relevant information for a range of decisions, including product-mix, pricing, working capital management, customer profitability analysis, outsourcing and special orders
- Communicate management accounting theories and their applications effectively
Degree list
The following degrees include this course