The Award in Fundamentals of Management Accounting provide learners with an in-depth understanding of the fundamental principles and techniques of management accounting. These principles and techniques serve as essential tools in businesses, aiding in insightful planning, effective control, and informed decision-making processes. Learners will gain practical skills to navigate and contribute effectively to organisational success.

Learners will learn how to:

• Apply cost accounting techniques to facilitate informed decision-making
• Create traditional and flexible budgets and correlate them with their behavioral implications
• Measure and calculate costs across various elements, types, and behaviours
• Apply cost-volume-profit (CVP) analysis to conduct break-even analysis in business
• Develop forecasts and budgets to strategise and oversee cost management and contribution

Mode of Assessment

The Award in Fundamentals of Management Accounting will be assessed through the use of an exam, an individual project and a reflective journal.

Target Audience

This course is intended for those who are aged 18+ and aspire to work or are already working in the finance field.

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