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Students should understand:
- the role of the management accounting system within the planning and control function of the organisation;
- the influence of the management accounting control system on management behaviour and an organisation's strategy.
Intended learning outcomes
- understand the importance of identifying the various factors which affect and determine costs;
- understand the basic principles used in costing products and services within an organisation;
- be able to identify relevant costs for non-routine managerial decisions;
- understand the multi-purpose nature of budgeting systems in both the private and public sectors;
- understand the principles of designing reports to provide useful management accounting information;
- gain an appreciation of the influences of budgeting and systems of performance evaluation on management behaviour and organisational functioning;
- appreciate the wide-reaching nature of internal control systems, including administrative controls, accounting controls, and social and cultural controls;
- recognise the degree of variability associated with the design of a management accounting control system.
Last updated: 3 November 2022