Strategic Cost Management (BUSA90184)

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.