Management Accounting: Planning & Control
Dublin City University
Area of Study
Accounting, Financial Management, Management Science
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits2
Recommended U.S. Quarter Units3
Hours & Credits
This module develops a students understanding of the role and importance of management and cost accounting within an organisation. It will enhance the ability to record, prepare, analyse, interpret, critically evaluate and use cost data for planning and control. Its also develops an awareness of actual management accounting practice and an interest in emerging issues in management accounting, through review of articles from relevant journals.
1. Describe the role of management accounting in organisational control and performance management.
2. Compute and communicate revenue and expenditure variances, including: materials (cost and mix/yield variances), labour, variable overhead, fixed overhead, sales variances.
3. Select, apply and interpret appropriate control and performance reports and measures depicting the financial performance of an organisation, including reporting by exception, variance control charts and reconciliations.
4. Develop and record standard product/service costs and variances in the books of account
5. Describe behavioural issues encountered in the budgeting, planning and control process.
6. Discuss alternatives to the traditional budgeting process, including rolling forecasts.
7. Assess and apply non-financial performance measurement tools, including the Balanced Scorecard.