This course develops an understanding of management accounting with a view to equipping students with the ability to address costing and budgeting issues in a complex organisational environment. Acquisition of the tools of management accounting is presented as a means of assisting in the effective and efficient control of organisational resources. Management accounting is compared and contrasted with financial accounting; a range of conceptual and measurement issues around costing is explored; various approaches to budgeting are considered; the impact of human factors is addressed; and methods of managing quantities (for example in inventories) are presented.