This course module will focus on the role and use of accounting information by managers in organisations. The use of accounting information is crucial to inform judgments and decisions and to enable managers to achieve the strategic aims of the organisation.

It will emphasis on accounting information in strategic and operational decision-making, planning and control in organisations. It will also cover the use of accounting information in performance management, including strategic approaches.

After completing this module, you will have a clear understanding of the key finance-based issues and be in a position to employ the tools and techniques in your own organisation.

The following areas will be examined:

The session will examine the following areas:
        1. Introduction to Management Accounting
        2. Cost-volume-prot Analysis
        3. Relevant Costs and Revenues for Decision-Making
        4. Traditional Costing and Pricing Practices
        5. Activity Based Costing and Alternatives to Traditional Pricing Practices
        6. Budgets and the Budgeting Process
        7. Accounting for Control
        8. Managing Working Capital
        9. Performance Management and Divisionalisation
        10. Strategic Approaches to Performance Management