Management and Cost Accounting

• • Overview of subject and the context of management accounting
  • Different purposes of costs and determining how costs behave
  • Cost Volume profit analysis
  • Estimating the costs of producing services, products and inventory
  • Target costing, managing activities and managing capacity
  • Activity based management and activity based costing
  • Pricing, customer profitability and decision making
  • Budgeting control, responsibility accounting and flexible budget
  • Variances
  • Strategy formation and the balanced scorecard
  • Quality, time and the balanced scorecard
  • Measuring and reporting sustainability
  • Performance Measurement and Incentive Compensation

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core

• TAS-PAS-MAS-2021
• TAS-MPA-MAS-2021

Special requirements

No special requirements

In this subject we explore the key functions fulfilled by managerial and cost accounting. The primary purpose of managerial and cost accounting is to provide relevant information to managers within an organisation. Managerial accounting can be thought of as the informal language used within the organisation to facilitate planning, control, coordination and performance assessment. Decision contexts can vary from the broad strategic planning and resource allocation decisions made at corporate or divisional level, to the more specific cost and performance information necessary to monitor individual products, customers or segments. The ultimate measure of success is whether or not internal decision making has been improved as a result of the relevance, quality and timeliness of information provided by the management accounting function.

• (10%%)
• (65%%)
• (20%%)
• Workshop (5%%)