The aim of this unit is to introduce you to the technical and analytical skills you will need to analyse relevant management accounting information. You will use these skills to inform your decisions in a variety of contexts. You will understand the power of management accounting to inform the decisions that people make for the good of both the organisation and the broader community.

You will achieve this aim by engaging in the process of management accounting. This unit focuses you on using management accounting as an information system that produces the information required to manage resources and create value. You will learn about, and practice, the processes and techniques of management accounting that focus on the effective and efficient use of organisational resources. With this knowledge and ability you will be able to support managers in their quest to enhance both customer and shareholder value. You will learn about how decision contexts vary from broad strategic planning and resource allocation decisions to the more specific cost and performance information necessary to monitor individual segments, products or customers. The unit examines cost, cost management, budgeting, performance management and pricing at both operational and strategic levels.