Management Accounting 2 (Acct)

This module will introduce students to  the concept of decision making principles, principles and applications of budgeting techniques and calculation of profit under absorption and marginal principles.

1. Apportion and allocate costs to units of production in job, batch, contract and service costing sytems.

2.  Apply and evaluate the principles of marginal and absorption costing.

3. Explain the administration process that supports budgetary control and prepare and present budgets for planning, control and decision making.

4. Apply the principles of relevant costing to decision making scenarios