Management Accounting Masterclass

The aim of this module is 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 applied in the public sector.

On completion of this module, candidates will reach a competency sufficient
to be able to:
(A) Identify, explain and apply contemporary approaches to standard
costing of products and services and explain and comment on their
application
(B) Identify and explain the issues of budgetary control in management
decision making and prepare key budgets
(C) Use management information from variance reports to support decision
making
(D) Use management information to apply decision making techniques
relevant to short-term decisions
(E) Identify and explain the key features of effective performance
management systems
(F) Apply management accounting techniques in the public sector