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

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• Using and interpreting accounting to allow rational decisions to be made.
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• Making and implementing plans based on accounting decisions.
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• 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.