On successful completion of this subject, students should be able to:

1. Develop and describe costing techniques and their strengths and weaknesses;
2. Apply different decision models in the evaluation of product costing, product pricing and sales forecasting;
3. Prepare a master budget with all of the required supplementary schedules;
4. Assess what is relevant and irrelevant information in non-routine decision-making;
5. Explain ethical issues in management accounting;
6. Describe management accounting in an electronic environment;
7. Appraise basic concepts of control, and the behavioural impacts of control systems.

- introduction to management accounting
- Basic cost management concepts and cost behaviour
- cost volume profit analysis
- Product and service costing: job-order system
- Product and service costing: A process systems approach
- relevant decision making
- budgeting for planning and control
- Flexible budgeting, Standard costing and variance analysis
- Allocating costs of support departments and joint products