MANG9902
Accounting for Management
This module provides an in-depth overview of core principles in both financial and management accounting, laying the groundwork for understanding how financial data is systematically recorded, analysed, and applied within organisations. The module begins with an exploration of financial statement preparation, covering foundational concepts, measurement challenges, and the assumptions that underpin financial reporting. Through this study, students gain valuable insights into how accurate financial recording supports organisational control, enhancing decision-making and ensuring financial transparency. The module then examines how financial performance and other essential information are conveyed through financial reporting, focusing on how stakeholders, including shareholders, analysts, and regulators use this information to evaluate a company’s financial stability and performance.
In addition to financial accounting, the module aims to build students' theoretical and practical expertise in management accounting, equipping them with tools and techniques for informed planning, decision-making and effective organisational control. Students will explore key concepts which are crucial for making sound financial decisions across diverse business settings. The module also introduces contemporary management control techniques, offering insights into budgeting, investment appraisal and performance management, thereby preparing students to understand how management accounting supports strategic planning and operational efficiency within organisations.
This well-rounded approach equips students with a solid grounding in both financial and managerial accounting practices to support managerial activities.