THE UNIVERSITY OF KENT 
ACCT3050 - Principles of Management Accounting 
Comprehensive Revision Guide and Course Notes 2023 
 
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University of Kent - ACCT3050: Principles of Management Accounting

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ACADEMIC YEAR 2023 - 2024

University	University of Kent
Study Level	Undergraduate
Module Code	ACCT3050
Module Name	Principles of Management Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you're studying for ACCT3050: Principles of Management Accounting at the University of Kent, this comprehensive guide and practice test set are essential. No expertise is required; a basic understanding and quick recall of learned information suffice. Use these notes as a reference to deepen your understanding and enhance grades in the final examination. The updated guide helps identify weak areas, enabling you to pass the final exam on your first attempt.

ACCT3050

This module, Principles of Management Accounting - focuses on understanding the role of management accounting in the global context and developing key skills related to cost accumulation and determination for decision-making. Major topics covered include: identifying management accounting and its differences from financial accounting, recognising users of management accounting information, understanding various cost typologies for decision-making, analysing the relationship between cost structure and production levels for profit achievement, and calculating product/ service costs using different internationally recognised costing systems. The core areas of the syllabus include management accounting in an international context, cost terms and purposes, cost-volume-profit analysis, and costing systems.

Upon completion of the module, you will be able to:

differentiate the contexts in which management and financial accounting operate;
understand the planning and control cycle of a business and how accounting information can support managers' needs;
understand the nature and classification of costs based on different terms and purposes;
identify and use different methods to estimate costs;
use cost information to perform cost-volume-profit-analysis for single and multi-product firms; and,
calculate product costs under various costing systems.

MODULE CODE	MODULE NAME
ACCT3000	Financial Accounting
ACCT3050	Principles of Management Accounting
ACCT5020	Corporate Finance and Investment Decisions
ACCT5220	Advanced Financial Accounting
BUSN3014	Financial Markets and Institutions
BUSN3120	Introduction to Management
BUSN3130	Introduction to Statistics for Business
BUSN3650	Economics for Business 1
BUSN3690	Financial Accounting, Reporting and Analysis
BUSN3700	Introduction to Marketing
BUSN3860	Fundamentals of Accounting
ECON3090	Statistics for Economics
ECON5430	Econometrics 2: Topics in Time Series
ECOX3001	Principles of Microeconomics
ECOX3003	Principles of Macroeconomics
ECOX3004	Applied Statistical Analysis for Economics
ECOX5001	Microeconomic Analysis
FIN 36053	Business Finance
FIN 46056	Advanced Fixed Income Management
FIN 56055	Advanced Derivative Securities

University of Kent - ACCT3050: Principles of Management Accounting

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