AIM
The aim of this module is to ensure that candidates understand the role, function, and principles of management accounting as it supports the decisions of management in the planning, monitoring, and control of organisations.
On completion of this module, candidates will reach a competency sufficient to be able to:
(A) Explain the scope of management accounting within both commercial and public sector organisations
(B) Account for the cost elements
(C) Identify and describe the costs associated with the production of products and provision of services and use them to determine prices;
(D) Select and apply appropriate forecasting techniques to assist in budget preparation
(E) Prepare budgets and explain the purpose of budgets and budgetary control
(F) Calculate and explain differences between actual performance and standards or budgets
Remember: You will get the Examination Analysis Document (MAY 2020) Examination Sitting
