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Level 4 Diploma in Accounting and Business

Introduction to Management Accounting

AB405 · Management Accounting — Week 1 of 16

CourseAB405
Week1 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Introduction to Management Accounting

  1. Definition and scope
  2. Users and purpose of internal reporting
  3. Requirements of management information systems
  4. Data integrity and system integration
  5. Management Accounting
  6. Introduction to Financial and Management Accounting
  7. MRP vs MRP II vs ERP - A Comparison of Planning Systems

What you will be able to do

  • 1.1 Define management accounting,
  • 1.2 Explain requirements for various management accounting systems used in business.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: define management accounting,

Study materials

Videos

  • Management Accounting · YouTube · Galton College · 6 min · for registered students
  • Introduction to Financial and Management Accounting · YouTube · Galton College · 30 min · for registered students
  • MRP vs MRP II vs ERP - A Comparison of Planning Systems · YouTube · Dr. Haywood · 6 min · for registered students

Further resources

  • Principles of Accounting, Volume 1: Financial Accounting, ch. 1: Role of Accounting in Society · PDF · OpenStax, textbook chapter; pp. 25–66 · for registered students
  • Academy trust management accounting: good practice guide (DfE/ESFA, 2024) · Reading · GOV.UK, guidance · for registered students
  • Foundations of Information Systems, 1.1: Types of Information Systems · PDF · OpenStax, textbook chapter; pp. 10–11 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 2
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Introduction to Management Accounting
  • Week 2: Cost Accounting and Accounting Integration
  • Week 3: Budgetary Planning and Control
  • Week 4: Working Capital Management
  • Week 5: Non-Current Assets and Depreciation
  • Week 6: Principles of Standard Costing
  • Week 7: Variance Analysis Calculations
  • Midterm: Midterm evaluation
  • Week 9: Evaluation of Standard Costing
  • Week 10: Break-Even and Cost-Volume-Profit Fundamentals
  • Week 11: Applications and Limitations of CVP Analysis
  • Week 12: Applying Management Accounting in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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