BU80641: Cost and Management Accounting (ODeL)

Module Aim

The aim of the module is to equip learners with knowledge and understanding of cost and management accounting concepts. Introduces learners to cost concepts and cost statement. The module further explores the role of cost and management accounting in planning and control of business activities

Module learning outcomes

By the end of this module, students should be able to:

1.     Explain the concepts, principles, and importance of cost and management accounting and their role in organizational planning, control, and decision-making.

2. Prepare cost information and cost statements using appropriate costing concepts, costing methods, and accounting techniques. 

3.     Apply material, labour, and overhead cost control techniques including stock valuation, labour remuneration methods, overhead allocation, apportionment, and absorption. 

4.  Interpret financial information using costing techniques such as marginal costing, absorption costing, Cost-Volume-Profit (CVP) analysis, standard costing, and variance analysis. 

5.     Develop budgets and budgetary control systems for effective organizational planning, performance measurement, and managerial decision-making.

Module teaching Team

Safari John Birekeraho

E-mail: safarijohn96@yahoo.com