Requisites: AND Pre-requisite: OR HND in Accounting; SCQF Level 8 or equivalent learning. AND Pre-requisite: [Module ACC07101] Management Accounting

You will build on your knowledge of Management Accounting and learn how management accounting systems have developed over the years. You will learn how to apply specialist cost and management accounting techniques such as activity-based costing, target costing and lifecycle costing and learn the importance of throughput and environmental costing. You will learn how the decision-making process is affected by management’s attitude towards risk and how relevant costs are taken into consideration during this process. You will learn how a product moves through its lifecycle and how applying the correct pricing strategy can impact the success of a product in its market.You will critique and apply current budgeting theories such as Zero-Based Budgeting and Activity Based Budgeting and learn time series analysis as a forecasting tool. Building on this, you will gain an increased understanding of the importance of variance analysis.Finally, you will be able to assess the performance of companies and divisions using a range of performance measurement techniques.

Upon completion of this module you will be able to

LO1: Appraise current specialist techniques in Management Accounting.

LO2: Discuss the criteria which affect the relevance of Management Accounting information for decision making, including alternative approaches to product pricing.

LO3: Evaluate different approaches to budgeting and the quantitative forecasting techniques which are used in budgeting.

LO4: Describe the process of standard costing and discuss its relevance in the current work environment.

LO5: Discuss issues relating to performance measurement, performance measurement techniques and managements behaviour in their application.