Management Accounting in the Modern World

Learn the fundamentals of management accounting, as well as how it has evolved over the years into its present form. Key focus areas include product costing, budgeting and forecasting.

Created By

Kimberley C

Beginner, Intermediate



Management Accounting in the Modern World


Course Overview

This course is designed to help students understand the key concepts of management accounting in today's world and how it differs from historical practices. The course also provides insight into key management accounting tools used in practice. By exploring the key concepts, students will learn in-depth the following management accounting tools: product costing, budgeting and forecasting, capital investment appraisals, break-even and margin analysis, and analysing variances to financial plans, with a focus on what it really means for the business. By the end of this course, students will have a thorough understanding as to what management accounting in the modern world entails.

Course Content


9 HOURS Total Length

Lesson 1

Introduction to Management Accounting

60 minutes

Lesson 2

Product Costing

60 minutes

Lesson 3

Budgeting and Forecasting

60 minutes

Lesson 4

Capital Investment Appraisal I

60 minutes

Lesson 5

Capital Investment Analysis II

60 minutes

Lesson 6

Break Even and Margin Analysis

60 minutes

Lesson 7

Investment Business Cases

60 minutes

Lesson 8

Variance Analysis I

60 minutes

Lesson 9

Variance Analysis II

60 minutes

Key Skills

Management Accounting

Numerical Proficiency

Business Acumen

Commercial Awareness


Kimberley C

Science, Maths and Economics Educator

Alongside working towards her corporate finance exams, Kimberley teaches students in biology, physics, maths and economics to help them work toward their GCSEs and IB exams.