This course provides students with an introduction to management accounting and control so as to help them understand the role of management accounting and control systems within organisations and improve their knowledge of the use of accounting information in decision making.

Lectures: 10 x 2 hours of lectures

Tutorials: 4 x 1 hour tutorial

Tutorial slots can be selected on MyCampus.

Management Accounting 1

Management Accounting & Finance 1

Introduction to Management Accounting and Control (IMAC)

The aim of this course is to encourage the acquisition of knowledge relating to the application of management accounting concepts and techniques for decision-making and control.

By the end of this course students should be able to:

1. Describe and explain the nature, source, and major purposes of management accounting and control.

2. Explain and apply cost accounting terminologies and methods for identifying, distinguishing, and classifying costs.

3. Identify and use information in costing, pricing, and working capital calculations to solve a range of business problems and provide management with decision-relevant information.

4. Illustrate the nature and purposes of budgeting and the calculation of variances and underlying reasons.

The minimum requirement for the award of credits is the submission of at least 75% by weight of the course's summative assessment.