The aim of this module is to ensure that students develop a knowledge and understanding of the 
various budgeting and cost accounting principles, concepts and techniques appropriate for 
planning, decision-making and control, and the ability to apply these techniques in the generation of 
management accounting reports. Students are introduced also to key management accounting 
concepts applied in the public sector. 

On completion of this module, candidates will reach a competency sufficient to be able to: 

(A) Identify, explain and apply contemporary approaches to standard costing of products 
and services and explain and comment on their application 
(B) Identify and explain the issues of budgetary control in management decision making 
and prepare key budgets 
(C) Use management information from variance reports to support decision making 
(D) Use management information to apply decision making techniques relevant to short-term 
decisions 
(E) Identify, describe and calculate relevant data for use in long term decision making and 
comment on their applications 
(F) Identify and explain the key features of effective performance management systems 

PRICE GHC150.00 (SUBJECT TO ANNUAL REVIEW)