Managerial Accounting

Programme Overview

This module will introduce students to the concepts and applications of managerial accounting. Topics include cost behaviour, manufacturing versus non-manufacturing costs, cost-volume-profit analysis, costing systems, preparation of a cost of goods manufactured and sold schedule, creation of static and flexible budgets, and variance analysis evaluation of capital investments.

Learning Outcomes

1. Describe the scope and function of managerial accounting.
2. Introduction to cost behaviour and terminology
3. Costing systems and overhead allocation
4. Introduction to budgets and preparing the Master Budget
5. Flexible budgets and variance analysis