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virginstudents.com Home Sat, 24 Jan 2004 GMT ECON203: Management Accounting -------------------------------------------------------------------------------- Click below to scroll quickly down the page. Module Overview Prerequisites Resources Requirements Lecturer Timetable Syllabus Module Overview Aims The overall aim is to give you an understanding of how corporate management use financial data to make decision using costs. These costs will be mainly in the area of product costing which will lead to prices being established. We will also look at how costs behave and can be analysed, what makes financial information relevant to a financial decision. Budgets are important aspects of corporate life, even if there is growing pressure to abolish them. We will examine budget construction and how managers react to budgets. Finally we will help you understand how divisional performance can be measured and its importance. Objectives By the end of the course you will be able to understand how costs behave and are used within decision making understand the behavioural aspects of budgeting and control understand the importance of and difficulties of divisionalisation be competent in establishing transfer prices be aware of the importance of EVA and SVA as performance indicators be aware of current issues in management control Applications and Examples The subject matter will help you understand how managers should use financial information to determine what to produce (and how much) and also when to stop producing items.
Approximate Word count = 904
Approximate Pages = 3.6
(250 words per page double spaced)
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