Module Aims: - To provide critical understanding in the application of decision making techniques - To analyse the methods for operational and management planning and control, decision-making and performance evaluation, - To build on Management Accounting 1 and 2.
Decision-making techniques
1. Multi-limiting factors and risk and uncertainty,2. Pricing decisions and profitability analysis,3. Application of linear programming and shadow pricing
Performance and Standard costing and variances analysis: further aspects
1. Budgeting and standard costing 2. Different basic variances and operating statements 3. Sales mix and quantity variances4. Direct material mix and yield variances 4. Ex post variance analysis5. Investigating variances5. Criticisms of standard costing
Measure of indirect relevant costs
1. Cost accumulation system 2. Activity based costing system V's traditional costing system
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |