Course description

This unit covers the competencies required to maintain management accounts for business decisions. Competencies include: Identifying concepts used in management accounting, using appropriate techniques to estimate business costs, Accounting for different business costs, applying costing methods in determining the cost of a product or service, preparing income statements using marginal costing and absorption costing techniques, applying break-even analysis in business decision making and preparing budgets for management decisions making.

What will i learn?

• • Identify concepts used in management accounting
• • Apply break-even analysis in business decision making
• • Use appropriate techniques to estimate business costs
• • Account for different business costs
• • Apply costing methods in determining the cost of a product or service
• • Prepare income statements using marginal costing and absorption costing techniques
• • Prepare budgets for management decisions making