Fundamentals in Management Accounting

The course introduces students to elements of management accounting which are used to make and support decisions. The course starts by introducing the nature, source and purpose of management information followed by the statistical techniques used to analyze data. Then the course of Management Accounting addresses cost accounting and the costing techniques used in business which are essential for any management accountant. The course then looks at the preparation and use of budgeting and standard costing and variance analysis as essential tools for planning and controlling business activities. The course  concludes with an introduction to measuring and monitoring the performance of an organization.