MNGT5310 Accounting for Planning and Control

6 Units of Credit

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The aim of this course is to show how the effective use of financial information can improve organizational decision-making. The course provides a broad introduction to the management accounting function. It examines the design and operation of management accounting systems. Management accounting, unlike financial accounting, provides information for internal users. Accounting is perhaps the most important part of an organisation’s information system and therefore a major managerial resource. Effective decision-making depends on a manager's ability to acquire and use financial data. This course will provide you with a set of conceptual tools to facilitate this. We assume you have little prior knowledge of management accounting and therefore introduce a number of accounting techniques and terms, so as to equip you with sufficient conceptual and practical skills to make you, (and any professional who may advise you), confident in your ability to understand complex financial strategies.