Pre-requisite: 51113
This unit comprises an extension of some topics studied in Management Accounting I, as well as an expansion into other areas. Firstly, product costing is extended to include joint products, the issue of variable costing, and mix variances. Secondly, quantitative models such as PERT/Cost budgeting and linear programming are introduced. Finally, the unit addresses impacts on Management Accounting of contemporary management philosophies, and questions the relevance of some aspects of traditional management accounting.