Management Accounting 1(Acct)

The purpose of this module is to introduce students to the basic principles of management accounting in relation to materials, labour, overheads, cost volume profit and integrated accounts. Once an understanding of the principles has been achieved they will be applied in a variety of scenarios.

1. Explain the role of management accounting within an organisation and the requirements for management accounting information.

2. Classify costs according to their function, nature and behaviour

3. Evaluate and apply the principles and accounting treatments for labour, material and overheads.

4. Apply the principles of Cost-volume-Profit analysis and interpret the results.