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Isobel Wroath,
James Patrick,
Krutika Adatia,
and
Gillian Logue
Ever wondered how management use internal financial information to plan and inform decision making? Start learning about Management Accounting today and discover the wealth of techniques that are used by managers to inform their decisions.
An understanding of Management Accounting is essential to build a picture of the importance it has for planning and control of an organisation. This course will enable you to learn about the various sources of management information as well as develop an understanding of making financing and investment decisions.
This course is especially beneficial if you want to:
Read more
Ever wondered how management use internal financial information to plan and inform decision making? Start learning about Management Accounting today and discover the wealth of techniques that are used by managers to inform their decisions.
An understanding of Management Accounting is essential to build a picture of the importance it has for planning and control of an organisation. This course will enable you to learn about the various sources of management information as well as develop an understanding of making financing and investment decisions.
This course is especially beneficial if you want to:
Read more
Ever wondered how management use internal financial information to plan and inform decision making? Start learning about Management Accounting today and discover the wealth of techniques that are used by managers to inform their decisions.
An understanding of Management Accounting is essential to build a picture of the importance it has for planning and control of an organisation. This course will enable you to learn about the various sources of management information as well as develop an understanding of making financing and investment decisions.
This course is especially beneficial if you want to:
Equip yourself with the knowledge to undertake a role working as a junior within a management accounting department
Launch your own business and need an understanding of using internal financial information
Prepare for the ACCA’s exam in Management Accounting (MA)
There is no prior knowledge required. Start learning today and accelerate your business and finance acumen.
Course update:
To coincide with syllabus changes coming into effect from 20th September 2023 onwards, ACCA-X will be releasing a new version of this course on 28th August 2023. This new version will include technical content and question updates relevant to the 2023/2024 syllabus.
It is therefore important to ensure you enrol onto the correct version of the course. Detailed syllabus information is available within the course and can also be found here
This course does not offer an edX certificate.
Those learners who would like to earn an award will have the opportunity to register with ACCA as a student, take computer based exams and gain the ACCA Diploma in Accounting and Business.
You can find your nearest ACCA exam centre on the ACCA website.
Register for this course and see more details by visiting:
OpenCourser.com/course/5svea0/management
What's inside
Learning objectives
- The nature, source and purpose of management information
- Cost accounting techniques
- Budgets for planning and control
- Comparisons and analysis of variances
- Performance measurement and monitoring of business performance
- The nature, source and purpose of management information
- Cost accounting techniques
- Budgets for planning and control
- Comparisons and analysis of variances
- Performance measurement and monitoring of business performance
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Introduces the significance of management accounting for organizational planning and control, equipping learners with essential knowledge
Covers a wide range of management accounting techniques, including cost accounting and budgeting, expanding learners' skillset
Prepares learners for the ACCA's exam in Management Accounting (MA), providing a solid foundation for career advancement
Although no prior knowledge is required, learners with a basic understanding of accounting principles may benefit more
Teaches the fundamentals of management accounting, making it suitable for beginners seeking an initial understanding
Imparts knowledge and skills that can aid learners in making informed decisions and developing effective plans
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Activities
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it. Supplement your coursework and achieve mastery of the topics covered
in Management Accounting with these
activities:
Review Course Syllabus and Learning Objectives
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Read through the course syllabus carefully.
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Identify any unfamiliar concepts or topics.
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Research or review those concepts to refresh your understanding.
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Review Course Syllabus and Learning Objectives
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Reviewing the syllabus will help you gauge the scope and depth of the course, and identify areas where you may need to refresh your knowledge.
Browse courses on
Management Accounting
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- Read through the course syllabus carefully.
- Identify any unfamiliar concepts or topics.
- Research or review those concepts to refresh your understanding.
Show all one activities
Career center
Learners who complete Management Accounting will develop knowledge and skills
that may be useful to these careers:
Actuary
Actuary
Actuaries analyze the financial implications of future events, using mathematics, statistics, and financial theory. Management Accounting can provide actuaries with a strong foundation in financial analysis and decision-making, which are essential skills for this role.
Financial Analyst
Financial Analyst
Financial analysts make recommendations on investments and financial products, and provide guidance to individuals and organizations on financial matters. Management Accounting can provide financial analysts with a strong foundation in financial analysis and decision-making, as well as an understanding of the financial information used in investment decisions.
Management Consultant
Management Consultant
Management consultants advise organizations on how to improve their performance, using a variety of techniques, including financial analysis and decision-making. Management Accounting can provide management consultants with a strong foundation in financial analysis and decision-making, as well as an understanding of the financial information used in consulting engagements.
Operations Research Analyst
Operations Research Analyst
Operations research analysts use mathematical and statistical models to analyze and improve the efficiency and effectiveness of operations within an organization. Management Accounting can provide operations research analysts with a strong foundation in financial analysis and decision-making, as well as an understanding of the financial information used in operations research models.
Risk Manager
Risk Manager
Risk managers identify, assess, and manage risks that could affect an organization's financial performance and stability. Management Accounting can provide risk managers with a strong foundation in financial analysis and decision-making, as well as an understanding of the financial information used in risk management.
Auditor
Auditor
Auditors examine financial records to ensure accuracy and compliance with regulations. Management Accounting can provide auditors with a strong foundation in financial analysis and accounting principles, which are essential skills for this role.
Budget Analyst
Budget Analyst
Budget analysts develop and manage budgets for organizations, ensuring that financial resources are allocated efficiently and effectively. Management Accounting can provide budget analysts with a strong foundation in financial analysis and budgeting techniques, which are essential skills for this role.
Cost Accountant
Cost Accountant
Cost accountants analyze and manage the costs of an organization, ensuring that resources are used efficiently and effectively. Management Accounting can provide cost accountants with a strong foundation in cost accounting techniques and financial analysis, which are essential skills for this role.
Statistician
Statistician
Statisticians collect, analyze, and interpret data to provide insights into a variety of topics, including finance and economics. Management Accounting can provide statisticians with a strong foundation in financial analysis and data analysis techniques, which are essential skills for this role.
Investment Banker
Investment Banker
Investment bankers provide financial advice and services to corporations and governments, including underwriting securities and providing mergers and acquisitions advice. Management Accounting can provide investment bankers with a strong foundation in financial analysis and decision-making, as well as an understanding of the financial information used in investment banking transactions.
Portfolio Manager
Portfolio Manager
Portfolio managers manage investment portfolios for individuals and organizations, making decisions on which investments to buy and sell. Management Accounting can provide portfolio managers with a strong foundation in financial analysis and decision-making, as well as an understanding of the financial information used in portfolio management.
Financial Planner
Financial Planner
Financial planners develop and implement financial plans for individuals and families, helping them to achieve their financial goals. Management Accounting can provide financial planners with a strong foundation in financial analysis and decision-making, as well as an understanding of the financial information used in financial planning.
Accountant
Accountant
Accountants prepare and maintain financial records, and provide financial information to management and investors. Management Accounting can provide accountants with a strong foundation in financial analysis and accounting principles, which are essential skills for this role.
Bookkeeper
Bookkeeper
Bookkeepers record financial transactions and maintain financial records. Management Accounting can provide bookkeepers with a strong foundation in accounting principles, which are essential skills for this role.
Tax Accountant
Tax Accountant
Tax accountants prepare and file tax returns, and provide tax advice to individuals and organizations. Management Accounting can provide tax accountants with a strong foundation in financial analysis and tax law, which are essential skills for this role.
For more career information including salaries, visit:
OpenCourser.com/course/5svea0/management
Reading list
We've selected 29 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Management Accounting.
Save
This textbook fills the gap in available textbooks for the MA course. It is written in a concise and easily understandable writing style that promotes the development of a critical understanding of management accounting and its role in decision-making. It is an essential read for students taking the course who want to gain a solid foundation in the subject.
Comprehensive textbook on management accounting that covers all the topics included in the course. It valuable resource for students who want to learn more about the subject and prepare for the ACCA exam.
This textbook provides an extensive overview of management accounting, covering all the topics included in the course syllabus. It is written in a clear and comprehensive manner, making it an excellent resource for students who want to deepen their understanding of management accounting.
Provides an alternative text that covers the same topics as the course.
A simplified and clear introduction to both accounting and financial management, useful for learners who do not have a background in these disciplines and provides foundational knowledge before proceeding with management accounting topics.
Save
Provides a more in-depth look at management accounting topics, including cost accounting, budgeting, and performance measurement. It valuable resource for students who want to pursue a career in management accounting.
Comprehensive textbook on financial and managerial accounting that covers all the topics in the course. It good reference for students who want to learn more about the subject.
This textbook provides a comprehensive overview of cost accounting, including topics such as cost allocation, budgeting, and standard costing. It is an excellent resource for students who want to gain a solid foundation in this area.
Comprehensive textbook that covers both financial and managerial accounting. It is written in a clear and concise style, and it is packed with examples and exercises to help students understand the concepts.
Comprehensive textbook that covers all the topics included in the course syllabus. It is written in a clear and concise style, and it is packed with examples and exercises to help students understand the concepts.
Comprehensive textbook that covers both financial and managerial accounting. It is written in a clear and concise style, and it is packed with examples and exercises to help students understand the concepts.
Comprehensive textbook that covers all the topics included in the course syllabus. It is written in a clear and concise style, and it is packed with examples and exercises to help students understand the concepts.
Comprehensive textbook that covers both financial and managerial accounting. It is written in a clear and concise style, and it is packed with examples and exercises to help students understand the concepts.
Useful both as an introduction to the topic and a professional reference for practitioners, this guidebook combines management accounting with financial accounting, helping readers understand big-picture accounting concepts.
Introduces some of the more advanced concepts of performance measurement and management control, making it an excellent choice for students who want to gain a deeper understanding of these topics.
Can be useful for students who wish to have another textbook to use for reference or practice problems.
Provides a comprehensive overview of cost accounting concepts and techniques. It valuable resource for students who want to learn more about cost accounting and its role in management decision-making.
Can help students who want a high-level understanding of management accounting principles and practices.
A practical guide to budgeting for managers and supervisors, this book offers step-by-step guidance and hands-on examples to help readers develop practical budgeting practices.
More advanced textbook that is written for students who are already familiar with the basics of management accounting.
Provides an in-depth look at advanced management accounting topics such as activity-based costing and balanced scorecards. It good reference for students who want to learn more about these topics.
Save
This textbook provides a comprehensive overview of management accounting, covering all the topics included in the course syllabus. It is written in a clear and concise manner, making it an excellent resource for students who want to gain a solid foundation in the subject.
Provides an overview of management accounting practices in different countries, which can be useful for students who are interested in working in multinational corporations.
While not directly focused on management accounting, this book provides valuable background information on the accounting information systems that support management accounting practices.
Provides a unique perspective on management accounting by focusing on the process-based approach.
Provides a practical guide to using management accounting information for decision-making. It is an excellent resource for students who want to learn how to use management accounting to improve their decision-making skills.
Provides a comprehensive look at management control systems, which can be helpful for students who wish to pursue a career in management consulting or corporate finance.
This introductory textbook provides a concise overview of cost and management accounting, covering the basics of cost accounting, budgeting, and performance measurement. It is an excellent resource for students who are new to the subject.
Explores advanced management accounting techniques, such as activity-based costing and the balanced scorecard. It is an excellent resource for students who want to gain a deeper understanding of these topics and their application in the real world.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/5svea0/management
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Effort
5 to 8 hours per week for 12 weeks
Level
Intermediate
Via
edX
Institution
ACCA
Instructors
Isobel Wroath
James Patrick
Krutika Adatia
Gillian Logue
Language
English
Transcript
English
Good to know
Introduces the significance of management accounting for organizational planning and control, equipping learners with essential knowledge
Covers a wide range of management accounting techniques, including cost accounting and budgeting, expanding learners' skillset
Prepares learners for the ACCA's exam in Management Accounting (MA), providing a solid foundation for career advancement
Although no prior knowledge is required, learners with a basic understanding of accounting principles may benefit more
Teaches the fundamentals of management accounting, making it suitable for beginners seeking an initial understanding
Imparts knowledge and skills that can aid learners in making informed decisions and developing effective plans
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