Module code: EC3052
For a company or a firm to make the best financial decisions and grow their business they need to make informed choices on what the best course of action is. This is where managerial accounting comes into play. Management accounting is used to aide business owners and managers on issues relating to budgeting, approaches to costs – marginal, total and absorption and relevant costing- and how to practically implement these in the business world. This is some of the core principles that you will explore in this module.