Introduction to Management Accounting

Overview

Framework:
Access to HE 2024
Level:
Level 3
Unit No:
Not available
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

For the full unit details, please download the latest version of the qualification specification. This is available for download on the relevant qualifications page.

Unit Learning Outcomes

To view the assessment criteria and any additional content, please expand the relevant learning outcome below.

1. — Understand the difference between financial and management accounting.

Assessment Criteria

  • 1.1.

    Explain the difference between financial and management accounting.

2. — Know the fundamentals of management accounting.

Assessment Criteria

  • 2.1.

    Explain the purpose of management accounting.

  • 2.2.

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

3. — Be able to calculate production costs.

Assessment Criteria

  • 3.1.

    Analyse costs by allocation and apportionment.

  • 3.3.

    Calculate production costs.

  • 3.4.

    Assess the usefulness of calculating production costs for management purposes.