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Unit Summary
Pre-requisites
Unit aim
Provides an introduction to management accounting, teaching students about costing and budgeting to assist with business decision-making.
Unit content
Topic 1: Introduction to Management Accounting & decision-making issues
Topic 2: Cost Behaviour & Estimates
Topic 3: Cost Allocation
Topic 4: Cost-volume-profit analysis
Topic 5: Budgeting, Planning & Behavioural considerations
Topic 6: Master Budgets
Topic 7: Flexible Budgets
Topic 8: Variance Analysis
Topic 9: Product Costing
Topic 10: Process Costing
Topic 11: Activity-based Costing
Learning outcomes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
| On completion of this unit, students should be able to: | |
|---|---|
| 1 | Discuss the accountant's role in the organisational decision-making process including professional ethics and management control systems |
| 2 | Evaluate and apply different costing concepts and techniques used to drive and support financial and operational goals |
| 3 | Explain the role of budgets, prepare a master budget, flexible budget and conduct direct and overhead variance analysis |
On completion of this unit, students should be able to:
- Discuss the accountant's role in the organisational decision-making process including professional ethics and management control systems
- Evaluate and apply different costing concepts and techniques used to drive and support financial and operational goals
- Explain the role of budgets, prepare a master budget, flexible budget and conduct direct and overhead variance analysis
Prescribed texts
- No prescribed texts.
- No prescribed texts.