Introduction to Basic Management of Costs and Finance

The course covers basic costing and financing principles and techniques, and elements of management accounting which are used to make and support decisions.

The course starts by introducing students to costing and financing principles and techniques, and elements of management accounting which are used to make and support management decision making in different circumstances. The course starts by introducing candidates to management information clearly distinguishing it from financial accounting information. The next section introduces the basics of recording costs in management accounting. This is followed by coverage of a variety of costing techniques used in business. The next area of the course introduces candidates to the use of management accounting in support of decision making. Finally, the course introduces the concept of cash management as an essential element for planning