Management accounting information plays a vital role in the successful operation of every business. The information provided by the management accounting systems supports the operational and strategic needs of the organization.
This course is broad- based, drawing upon several disciplines. Management Accounting fulfills this need by merging topics from Economics, Statistics, Operational Research, Management, Behavioural Science, Information Systems as well as Cost and Financial Accounting.

On successful completion of the course, students should be able to:

• Describe principles of management accounting and its role in analyzing the performance of the organization.
• Analyse and calculate specialist costs using management accounting techniques.
• Evaluate quantitatively, the various analyses used in decision-making.
• Evaluate quantitatively the principles of budgeting.
• Demonstrate quantitatively, the tools used in investment appraisals and management decision- making.
• Demonstrate quantitatively, the application of financial and non-financial performance measurements in the success of a business.