Module 1: Basic concepts of management …

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Module 1: Basic concepts of management accounting Required reading Chapter 1, pages 4-23 ERH, Section C3: "Code of ethical principles and rules of conduct" Reading 1-1: "Moral responsibility within the corporation" Chapter 2, pages 32-50 Overview Welcome to MA1. This Module serves as a foundation for the course, providing a perspective of management accounting and how it relates to financial accounting . Module 1 looks at the practice and terminology of management accounting . The changing business environment and how these changes affect the practice of management accounting are described. An overview of the Basic concepts of identifying and classifying costs is presented, including cost behaviour. This Module also looks at manufacturing and non-manufacturing costs. Learning objectives The manager's need for information LEVEL 2 the role of management accountants in an organization.

Module 1: Basic concepts of management accounting Required reading Chapter 1, pages 4-23 ERH, Section C3: ... 1.2 Comparing financial and managerial accounting LEVEL 2 The financial accounting system captures the results of past transactions in financial terms, that is, measured

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