Learning Outcomes:
On completion of this module student should:
Understand/appreciate the information needs of managers and the strategic role of management accounting information,
Identify and use cost information for budgeting, control and decision-making purposes,
Analyse and apply decision making concepts to a variety of business situations,
Describe the role of management accounting,
Understand the importance of cost classifications for different purposes,
Demonstrate an ability to prepare various budgets leading up to and including the cash budget,
Evaluate the relationships between cost, volume, and profit,
Demonstrate an ability to do breakeven analysis,
Critically analyse data and present it in a format that will assist management in its role of decision making,
Appraise information in the analysis of capital budgeting decisions.