Financial Information for Management
Syllabus aim
To develop knowledge and understanding
of the application of management
accounting techniques to support the
management processes of planning, control
and decision making.
Objectives
On completion of this paper candidates
should be able to:
- explain the role of management
accounting within an organisation and the
requirement for management information
- describe costs by classification and
purpose
- identify appropriate material, labour and
expense costs
- understand the principles of costing and
apply them in straightforward scenarios
- understand and demonstrate the cost
factors affecting production and pricing
decisions
- understand the basic principles of
performance management
- demonstrate the skills expected in Part 1.
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