The course aims to develop knowledge and understanding of management accounting techniques to support management in planning, controlling and

monitoring performance in a variety of business context. 

The main contents include: the nature, source and purpose of management information, cost accounting techniques, budgeting preparation and control, capital expenditure budgeting, standard costing and variance analysis, performance measurement techniques and performance measurement in specific situations.

Upon completion of this unit, students will be able to:

CLO1. Understand the nature, source and purpose of management information.

CLO2. Explain and apply cost accounting techniques.

CLO3. Prepare budgets for planning and control.

CLO4. Compare actual costs with standard costs and analyse any variances.

CLO5. Explain and apply performance measurements and monitor business performance.

I. Required Text

Sun Maozhu, Wen Guangwei, Yang Wangui, Managerial Accounting (8th Edition), China Renmin University Press, Aug 2018 (Printed in May 2019)

II. Recommended Readings

Sun Maozhu, Wen Guangwei, Yang Wangui, Study Guide to Managerial Accounting (8th Edition), China Renmin University Press, Aug 2018 (Printed in May 2019)

Ray Garrison, Eric Noreen, Peter Brewer, Managerial Accounting (14thedition), McGraw-Hill/ Irwin, 5 Jan, 2011

Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Managerial Accounting: Tools for Business Decision Making (8th edition), Nov, 2017