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Introduction to Management Accounting - MAC1501

Under Graduate Degree,Diploma,Higher Certificate Semester module NQF level: 5 Credits: 12
Module presented in English
Purpose: To equip students with the knowledge of fundamental concepts in management accounting. Students who passed this module should be able to explain and apply the basic cost and management accounting principles relating to cost classification and terminology, material and inventory holding, labour costs and remuneration systems, manufacturing overheads, cost flows in manufacturing enterprises, cost-volume-profit analysis and budgeting. This module is useful to students who intend pursuing a career in accounting sciences, and will provide a foundation for latter in management accounting.