Principles of Cost and Management Accounting


The aim of this course is to develop knowledge and understanding of the application of Management accounting techniques to support the management process of planning, Control and decision making. It will further entail description of costing and budgeting, application of Principles in product and work in progress costing. Students will be introduced to financial management as one of the essential components for any successful small business. Raising capital, controlling it and evaluating expenditure are activities that are common to all business enterprises are explored. Topics include working capital management, capital budgeting and sources of capital for small business.