Unit Title: Managerial Accounting

    Unit Reference Number: D/502/4812

    Guided Learning Hours: 160

    Level: Level 5

    Number of Credits: 18


    Unit objective and aim(s):

    This unit aims to give learners a comprehensive understanding of:

    • The essential requirements of a managerial accounting system including control systems
    • How to classify and analyse cost data according to the activity
    • Costs for short-term decision making, marginal and absorption costing
    • Budgetary control and working capital management
    • Standard costing and variance analysis
    • Capital investment project appraisal


    Learning Outcomes .

    •  Understand the essential requirements of a management accounting system and the control systems required for materials, labour and overheads.
    •  Know how to classify and analyse cost data and understand how cost systems differ by activity, i.e. job, process and contract costing.
    • Understand costs for short-term decision-making and know the difference between marginal and absorption costing.
    • Understand the purpose of budgetary control including the purpose and importance of working capital management.
    • Understand the purpose of standard costing and variance analysis.
    • Know how to appraise capital investment projects.



    • Assessment method: written examination (unless otherwise stated). 
    • Written examinations are of three hours’ duration.
    • All learning outcomes will be assessed.


    Recommended Reading:

    • Managerial Accounting – ABE Study Manual

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