Aim
To develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business context.
Main capabilities
On successful completion of this paper, candidates should be able to:
A Explain the nature, source and purpose of management information
B Explain and apply cost accounting techniques
C Prepare budgets for planning and control
D Compare actual costs with standard costs and analyse any variances
E Explain and apply performance measurements and monitor business performance.