Introduction to Management Accounting

Module Lead: Dan Herbert

This module introduces students to core concepts in management and cost accounting. The module is designed to give students the technical and analytical skills required for more advanced study of management accounting. Typically the module will cover topics such as:

The role of management accounting in the management process; cost units objectives; concepts and classification; accounting for materials, labour and overheads; job costing, process costing and activity based costing; absorption and variable costing; cost-volume-profit analysis.

Learning Outcomes

On completion of this module the student should be able to:

  • Appreciate the conceptual framework of cost and management accounting including its role in decision-making;
  • Have a thorough understanding of the documents, procedures and records relating to accounting for materials, labour and overheads;
  • Have a detailed working knowledge of different costing methods;
  • Be able to select and apply appropriate costing methods in a variety of business situations;
  • Use the results of cost analysis to inform simple business decisions.


2 hour exam (75%), class test (25%).