Management Accounting

Management AccountingThis paper looks at the fundamentals of management and cost accounting and their application in cost ascertainment, the control of operations, and the provision of information to assist management decision making and policy formulation. Management Accounting learning outcomes: Explain the role of management and cost accounting within an organisation. Describe the nature of costs and how and why they are classified in different ways for different

This paper looks at the fundamentals of management and cost accounting and their application in cost ascertainment, the control of operations, and the provision of information to assist management decision-making and policy formulation.

Management Accounting learning outcomes:

1. Explain the role of management and cost accounting within an organisation.
2. Describe the nature of costs and how and why they are classified in different ways for different purposes.
3. Calculate material, labour, expense and overhead costs for products, processes, services and functions.
4. Identify and discuss appropriate principles and techniques to advise managers on short-term and long-run decision making.

In addition to comprehensive syllabus targeted material our Learning & Practice Workbook offers:

• Exam focus - we have taken account of recent exams, guidance the examiner has given and the assessment methodology
• Help to study in the way that best suits your learning style and the time you have available
• Assistance with creating a personal study plan
• A way to review your progress through Fast forwards, Exam focus points, Chapter roundups and Quick quizzes
• Exam question bank containing AIA exam-standard questions with answers