Introduction
The overall aim of this unit is
to introduce the fundamentals of management accounting which apply to the wider
business environment and the organisations which operate within that
environment. Students will explore how management accounting uses financial
data to aid planning decisions, and the monitoring and control of finance
within organisations.
On successful completion of this
unit students will be in a position to present financial statements in a
workplace context and be able to assist senior colleagues with financial
business planning. In addition, students will have the fundamental knowledge
and skills to progress onto a higher level of study.
Learning Outcomes
By the end of this unit a
student will be able to:
1 Demonstrate an understanding
of management accounting systems.
2 Apply a range of management
accounting techniques.
3 Explain the use of planning
tools used in management accounting.
4 Compare ways in which
organisations could use management accounting to respond to financial problems.
