The nature and function of management Accounting. The dual purpose of planning and control.

Costs for decision making, marginal costing and contribution analysis, break-even analysis, cost-

volume profit analysisâ€™; assumptions, effect of charges in costs and prices on break-even point,

margin of safety, sales mix and CPV charts. The concept of opportunity cost and limiting factors.

Learning curve theory, budgeting and budgetary control, application of qualitative techniques

e.g. statistical methods such as least squares, standard deviation, correlation, regression etc.

Standard costing, all variances including profit, contribution mix and yield variances.

Interpretation of variances for management decision, planning and operational variances.

- Lecturer: Mary Josiah

Level of Study: 400 Level