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Management Accounting and Decision Making

BM505

Course CodeBM505
ECTS

Course Description

Management accounting provides business managers with financial information required to achieve business objectives. This requires effective decision making based on the timeliness and accuracy of financial information. The aim of this unit is to provide learners with an awareness of the scope and purpose of management accounting, so they are able to support effective decision making within a business.

Course Outline

WeekTopics
1What management accounting is: cost management, reporting, appraisal and control
2Decision making: tools, process and considering alternatives
3Management accounting and financial accounting compared
4Management accounting concepts: financial planning, decision making and control
5Management accounting concepts: business activity evaluation and financial risk management
6Tools and techniques: cost accounting, financial statement analysis, cashflow analysis
7Tools and techniques: budgetary control and investment analysis
8Midterm evaluation
9Applying cost accounting to solve business problems
10Applying financial statement analysis to solve business problems
11Applying cashflow analysis to solve problems and inform decisions
12Applying budgetary control to inform business decision making
13Applying investment analysis to inform business decision making
14Combining management accounting techniques to solve problems and inform decisions
15Review and coursework completion
16Final evaluation and project assessment

Learning Outcomes

  1. LO1 Understand management accounting and decision making.
  2. LO2 Understand technical procedures used in management accounting.
  3. LO3 Be able to use management accounting to solve problems and inform decision-making.
Learning Resources

Atril, P. (2021) Management Accounting for Decision Makers 10th edition, Pearson, Harlow Drury, D. (2018) Management Accounting for Business 7th edition, Cengage, London Journal of Accounting and Economics The Accounting Review Management Help

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