Managerial Accounting for Business Decisions 5 credits

This course introduces you to the fundamental principles and practices of management accounting, focusing on how accounting information supports internal decision-making, strategic planning, and control. You will learn how managers use accounting data to make informed operational and strategic choices in a variety of business contexts. Key topics include the most widely used management accounting techniques, such as costing, cost–volume–profit analysis, and budgeting. You will explore how these tools inform pricing decisions, product prioritisation, efficiency management, and scenario analysis. Emphasis is placed on understanding how accounting contributes to effective resource allocation and organisational performance. Through problem-solving exercises, real-world case studies, and hands-on work in Excel, you will connect theoretical understanding with practical application. By the end of the course, you will be able to analyse cost information, interpret management reports, and use accounting data to support planning, control, and performance evaluation. The course strengthens your ability to apply accounting insights to decision-making and fosters an appreciation of how managerial accounting supports long-term organisational sustainability.