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Selected Accounting & Financial Management Techniques - MAC3703

Under Graduate Degree,Advanced Diploma Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601& FAC2602 & MAC2601 & MAC2602
Purpose: Students who successfully complete this module will be equipped to: Explain, describe and apply newer costing and management accounting techniques that are suited to the modern business environment. Apply traditional management accounting techniques in forecasting data under conditions of uncertainty. Distinguish between various pricing decisions and suggest suitable pricing strategies. Discuss various project management principles and apply selected tools and techniques. Apply the International Accounting Standard 11 Construction contracts to different scenarios. Demonstrate awareness of recent developments in financial and non-financial reporting. This module is primarily intended for candidates who are interested in qualifying as management accountants (CIMA). This module will enable students to develop the necessary competencies required by this professional body.