Introduction to Management Accounting

This unit is expiring
The expiry date of this unit is 31/07/2026.

Overview

Framework:
Access to HE
Level:
Level 3
Unit No:
QU010436
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

Grade Descriptors

  • GD2-Application of knowledge
  • GD3-Application of skills
  • GD7-Quality

Unit Learning Outcomes

1

Understand the difference between financial and management accounting.

Assessment Criteria

  • 1.1

    Analyse the difference between financial and management accounting.

2

Understand the fundamentals of management accounting.

Assessment Criteria

  • 2.1

    Analyse the purpose of management accounting.

  • 2.2

    Analyse how costs are classified giving examples of how costs are classified according to element, function and behaviour.

3

Understand how to calculate production cost.

Assessment Criteria

  • 3.1

    Analyse costs by allocation and apportionment.

  • 3.2

    Determine overhead absorption rates using at least two methods to absorb production overhead. Calculate overhead absorption rates from given information.

  • 3.3

    Calculate production cost and assess its usefulness for management.