AC10200 - INTRODUCTION TO MANAGEMENT ACCOUNTING

Module Identifier	AC10200
Module Title	INTRODUCTION TO MANAGEMENT ACCOUNTING
Academic Year	2007/2008
Co-ordinator	Dr Teerooven Soobaroyen
Semester	Semester 1 (Taught over 2 semesters)
Course delivery	Lecture	18 Hours.
	Seminars / Tutorials	4 Hours.

Aims

The aim of this module is to provide students with the basic knowledge of cost and management accounting practices and their applications within organisations. This involves the provision and interpretation of information to assist managers in planning, controlling, taking decisions and appraising performance.

Brief description

This module is intended to provide students with a basic understanding of cost and management accounting concepts and their application within organisations.

Content

Context and proposes of cost and management accounting
Cost terms and concepts
Absorption and marginal costing
Cost volume profit analysis
Relevant costs in short-term decision-making
Budgeting process and budgets in organisations
Standard costing and variances
Working capital management

Transferable skills

The module also aims to assist students to develop their personal transferable skills by encouraging them to

Identify and distil key issues covered be lectures
Develop basic information accessing and researching skills and
Discriminate between relevant and irrelevant information for the purpose of decision-making

Notes

This module is at CQFW Level 4