Pre-requisite: Associate Level membership or above, of the
Pre-requisite: National Institute of Accountants.
This unit focuses on the provision and use of information in decision making. The unit encourages an understanding of the management accounting role within an organisation by taking a business value chain perspective. The process of budgeting (operational and financial) and performance measurement as an aid to management in planning and controlling business activities is reviewed. Also included is a study of the principles of Job and Process Costing systems, the application of activity based costing, the analysis of cost behaviour, as well as various other facets of accounting which support management decision making.