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Management Accounting: Costing


Management Accounting: Costing provides you with the knowledge and skills needed to understand the role of cost and management accounting in an organisation, and how organisations use such information to aid management decision making. On successful completion of this course, you should be able to carry out costing procedures in an organisation’s accounting department with minimal supervision. You will be able to gather, analyse and report cost and revenue information to support managerial planning, control and decision making. You will develop a deeper understanding of the fundamental principles that underpin management accounting methodology and techniques, how costs are handled in organisations, and why different organisations treat costs in different ways. You will be able to recognise different approaches to management accounting and provide informed and reasoned judgements to guide management. You will also learn how to apply these principles and appreciate why effective cost accounting is crucial to any organisation. You will learn the techniques required for dealing with direct costs and revenues, and with the treatment of short-term overhead costs. These include: inventory control methods; direct labour costing; allocation and apportionment of indirect costs to responsibility centres; calculation of overhead absorption rates, including under absorptions and over absorptions; and prime, marginal and absorption costing calculations. You will also learn the techniques required for decision making, using both short-term and long-term estimates of costs and revenues. These include: estimating changes in unit costs and profit as activity levels change; segmented profit or loss by products; break-even (cost volume profit – CVP) analysis; limiting factor decision making; job, batch, unit, process and service costing; reconciling budgeted and actual costs and revenues by means of flexible or fixed budgets; and capital investment appraisal techniques.


Accounting and finance


Learning outcomes
1. Understand the purpose and use of management accounting within an organisation
2. Apply techniques required for dealing with costs
3. Apportion costs according to organisational requirements
4. Analyse and review deviations from budget and report these to management
5. Apply management accounting techniques to support decision making

Tutor support
We will support you every step of the way throughout your AAT learning experience with us. You can contact a tutor and get the help you need quickly and easily.

Provided by our Tutors Support team (our dedicated team of expert tutors):
• Live chat (instant response via online messenger system)
• Email (we’ll get back to you within 1 working day)
• Discussion forum (we’ll get back to you within 1 working day)
• Request a call back so you can speak to a tutor (we’ll arrange a call with you within 1 day).

Why study AAT with LGCA?
• Study anywhere, anytime on your laptop, phone or tablet through this fully online learning
• Award-winning learner management system (LMS)
• Immediate start
• Access to practice questions and mock assessments
• Topic focused learning modules, containing tutor-led bite-sized videos
• Engaging activities designed for effective online learning
• Integrated programme to guide you efficiently through the whole syllabus

Registration and Access
Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.