Management Accounting 2

Nelson Mandela University

Course Description

  • Course Name

    Management Accounting 2

  • Host University

    Nelson Mandela University

  • Location

    Port Elizabeth, South Africa

  • Area of Study


  • Language Level

    Taught In English

  • Prerequisites

    General Accounting 1B (RG102)
    Mathematics For Accounting (MACC101)
    Business Statistics (STAE102)
    Financial Mathematics I (STAE151)
    Accounting 1A (R101)
    Financial Mathematics(STAE101)
    Or home university equivalent

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview


    To assist students to acquire an understanding of core management and cost accounting concepts and to develop the competence to apply associated principles and techniques as well as the pervasive skills as described in the SAICA competency framework, namely, ethical behaviour, professionalism, professional skills and associated personal attributes.

    On completion of this module students will be able to:

    • explain the scope and relevance of management and cost accounting practices and procedures within a business entity;
    • select, describe and apply core management accounting concepts;
    • solve problems relating to decision-making, control and inventory valuation within a business entity;
    • accurately and coherently communicate information gathered and solutions to problems using appropriate management and cost accounting conventions;
    • demonstrate ethical behaviour and professionalism in their interpersonal interactions;
    • demonstrate intellectual ability and the ability to apply oneself at a level which enables the development of life-long learning skills in the demanding context in which a Chartered Accountant works;
    • demonstrate self-management through continual self-assessment of personal development needs and active use of appropriate learning opportunities, respecting deadlines, managing time and organising learning tasks logically;
    • critically examine and interpret information, material and ideas relevant to core concepts in the field of management accounting as listed below.


    • The scope of management accounting and its relevance to a business entity.
    • Core management accounting concepts related to decision-making, control and inventory valuation:
      • Cost terms and concepts.
      • Cost assignment.
      • Job costing.
      • Variable vs. absorption costing.
      • Cost-volume-profit analysis.
      • Relevant costing.
      • Standard costing and variance analysis.
      • Budgeting.
      • Risk and uncertainty.
      • Capital budgeting.

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