This module is not currently running in 2021 to 2022.
The module provides a further understanding of the nature of costing systems and the relevance of costing information for management. The module will develop, within an economic and organisational context, the principles and techniques used to provide appropriate relevant information for managers to enable them to make better informed decisions.
• The role of Management Accountants in the organisation, cost determination, Introduction to cost terms and purposes
• Cost Volume Profit Analysis
• Job order costing, absorption costing, activity based costing
• Standard costing and variance analysis, operational control and performance measurement
• Long term decision making techniques, risk and uncertainty, limiting factors of production
• Profit reporting and stock valuation
• Pricing, target costing, life cycle costing and customer profitability analysis
• Cost allocation, joint and by-product costing, service departments
• Project appraisal, sensitivity analysis, decision tree, distributions and project outcomes, Essay topic submission
• Performance management systems, performance measurement and control, Strategic management accounting and Value based management
See the library reading list for this module (Medway)
On completion of the module students should be able to:
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