Cost Management


Teaching Hours and Credit Allocation: 16 hours, 4 credits
Course Assessment: Coursework



The aim of this course is to provide an understanding of operational and strategic management accounting techniques and of how management accounting information can be used more effectively in management planning and control activities.


Learning Outcomes

On completing the course participants will:

  • Understand how management accounting information is used to inform operational and strategic decision making activities
  • Appreciate the strengths and limitations of management accounting information
  • Develop the ability to communicate effectively with the providers of management accounting information
  • Apply a critical approach to the use and interpretation of financial and management accounting information
  • Use operational and strategic management accounting information effectively as a management planning and control tool
  • Appreciate the behavioural impact of the performance measures that may be used by the management accountant
  • Communicate effectively, as a non-specialist, with accounting professionals



  • Accounting for costs and their effective use in management decision making
  • Budgetary planning and control and the approaches championed by the advocates of ‘Beyond Budgeting’
  • Developments in management accounting and its relevance to management information needs
  • Strategic management accounting
  • Performance measurement techniques and the behavioural aspects of performance measurement