A comprehensive introduction to management accounting, enabling students to develop an understanding of the importance of accounting as a management tool, for example in:

• Using and interpreting accounting to allow rational decisions to be made.
• Making and implementing plans based on accounting decisions.
• Exercising financial control over organizations.

Contents include: costs and decision making; investment appraisal; cost-volume-profit analysis, full costing; budgets and budgetary control; standard costs and variance analysis; evaluation of divisional performance.