Management Accounting

You will gain an applied knowledge and understanding of the purpose, principles and scope of management accounting. The Management Accounting programme offered by The Open University is designed for anyone interested in the role of management accounting in financial management, but is particularly suitable if you wish to qualify as a professional accountant. We strongly recommend that you study Financial accounting (B291) before this module, but both modules can be studied independently.

Management accounting will help you develop an understanding of:

– the principles, practices, techniques and limitations of management accounting
– the quantitative methods used in management accounting and managerial finance
– management theory and practice
– economic theory in relation to business management.
This module will help you apply your knowledge and understanding of management accounting accurately to a range of issues, questions and problems. You will use established techniques to evaluate and interpret management accounting in a range of contexts. You will learn how to describe, apply, analyse and synthesise management theory, and economic theory and practice in relation to business management.