Course: Managerial Accounting – Information for Decision-Making

Course Code: ACT611

Managerial Accounting – Information for Decision-Making is concerned with the providing of information to managers – i.e., the people inside an organisation who direct and control its operations that will help in their decision-making and in maintaining and improving the efficiency and effectiveness of business operations.

It involves the study of the systems, procedures, and policies that an organisation employs to assist it in making decisions about practically all matters of business operations relating to financial health and performance of the entity. This course is designed to provide an understanding of the management issues associated with these systems, procedures, and policies, and an understanding of the tools used to identify and solve such issues. These tools include an understanding of cost information, the ability to develop costing systems, the ability to recognise and isolate relevant costs, the preparation of capital budgeting analyses, and the development of appropriate organisational structures.

The student of the Managerial Accounting – Information for Decision-Making module will, therefore, upon satisfactory completion of the course, have the knowledge and ability to provide relevant, reliable, and timely information to managers that will assist in decision-making and will contribute towards improving the efficiency and effectiveness of the organisation.