This is the first of a two-semester programme in management accounting.  This course seeks to provide an in-depth understanding of (a) the conceptual issues and techniques used in the design of cost accounting information systems and (b) the use of costing information for managerial decision-making and business strategy in both manufacturing and service firms.  An important feature of the course is its emphasis on cost analysis and the preparation of managerial reports.

The topics include: Review of cost concepts and manufacturing accounts; Cost accounting information systems; Absorption and direct costing; Actual, normal and standard costing; Job order costing for manufacturing and services; Process costing including standard process costing; Accounting for spoilage and rework; Joint and by-product costing; Cost allocation - traditional approaches; Operations and back-flush costing; Cost estimation; Cost-Volume-Profit Analysis.