Summary of content

In this module, students will learn about various management accounting techniques and their significance in planning, control, and performance evaluation within organisation. The module covers several major topic areas, including:

Forecasting: Students will explore methods and tools for predicting future financial outcomes based on historical data and other relevant factors; Standard Costing: This topic focuses on establishing predetermined standards for costs and comparing them to actual costs incurred during production; Divisional Performance: This aspect deals with evaluating the performance of different divisions or departments within an organisation;
Transfer Pricing: This topic explores the determination of prices for goods or services transferred between different divisions or entities within the same organization. transfer prices. Performance Measurement: This covers the methods and metrics used to evaluate the overall performance of an organization, such as key performance indicators (KPIs) and balanced scorecards; Behavioural Aspects of Management Accounting: This topic focuses on the psychological and social factors that influence individuals' behaviour within organisational settings; Market analysis and business planning/strategy: Understanding the business environment, formulating strategy and Creating a Business Plan/Forecast and Introduction to Cost Management and Control: Understand how organisations implement effective cost management practices, organizations can enhance profitability, improve decision-making, and ensure long-term financial stability.

Module structure

Assessment methods