Unit code                           Y/508/0537

Unit level                           QCF Level 5/ NFQ Level 6/7

Credit value                       15

Introduction

The overall aim of this unit is to develop students’ understanding of management accounting. The focus of this unit is on critiquing management accounting techniques and using management accounting to evaluate company performance. Students will explore how the decisions taken through the use of management accounting techniques influence managerial behaviour across an organisation.

On successful completion of this unit students will be in a position to support an organisation to create value through effective decision-making where management accounting is used, to some degree, to control members of an organisation. In addition, students will have the fundamental knowledge and skills to progress on to a higher level of study.

Learning Outcomes

By the end of this unit students will be able to:

1. Analyse the purpose for developing and presenting financial information.
2. Evaluate the use of management accounting techniques to support organisational performance.
3. Analyse actual and standard costs to control and correct variances.
4. Evaluate how a changing business environment impacts on management accounting.