Learning Outcomes:
On completing this module you should
- know and master some key tools in managerial accounting and evaluate their relevance so as to know when to use them appropriately for decision-making and control of decisions made;
- be able to explain how the cost and managerial information system that supports these tools operates;
- understand how managerial accounting information affects behaviour and decision-making;
- be able to modify or request modifications to the managerial information system to meet the specific decision-making needs of any organizational unit
- understand how managerial accounting can be used to support internal environmental management processes
Indicative Module Content:
- Management accounting and performance management
- Cost concepts and behaviour
- Costing systems
- Cost allocation and Activity-Based Costing
- Relevant costs and decision-making;
- Cost-volume-profit analysis
- Budgetary planning and control
- Decentralisation and evaluation of investment centres
- Balanced Scorecard and Strategy Maps
- Sustainability strategies and application of management accounting tools