This module examines management accounting from a theoretical perspective by considering the purposes of generating management accounting information. It will review and extend basic management accounting concepts and techniques by looking at their role in providing appropriate information for economic decision-making, organisational control and performance evaluation. It offers students (including those with no previous management accounting background) an opportunity to study the subject from a conceptual standpoint. Where possible, the module will consider the impact of technology change, the current commercial environment and the needs of different types of businesses on the design of management accounting systems. In the context of the above framework, the module will include consideration of more recently developed techniques such as activity based costing, management and budgeting; life cycle and target costing, economic value-added and the balanced scorecard.
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