Cost and Management Accounting provides valuable insights into the cost structure of a business, helping management make informed decisions regarding pricing, budgeting, cost control, and decision-making. These lectures focus on the use of cost and management accounting tools and methods to provide management accounting information for planning and control and to support informed and effective decision-making. We will examine the role that cost accounting plays in measuring, analyzing and reporting information that relates to the cost of obtaining and using an entity’s resources. Students will be exposed to real-life scenarios and they will be given the opportunity to integrate theories to business practice.

Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately - Being able to solve complex problems and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions - Using information and knowledge effectively: scanning and organising data, synthesising and analysing in order to abstract meaning from information and to share knowledge