This module introduces students to core concepts in management and cost accounting. The module is designed to give students the technical and analytical skills required for more advanced study of management accounting. Typically the module will cover topics such as:

The role of management accounting in the management process; cost units objects; concepts and classification; accounting for materials, labour and overheads; job costing, process costing and activity based costing; absorption and variable costing; cost-volume-profit analysis.

By the end of the module students should be able to:

• explain the conceptual framework of cost and management accounting including its role in decision-making;
• demonstrate a comprehensive understanding of the documents, procedures and records relating to accounting for materials, labour and overheads;
• demonstrate knowledge of different costing methods;
• identify and apply appropriate costing methods in a variety of business situations;
• interpret and apply the results of cost analysis to inform simple business decisions.