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Management Level - Advanced Management Accounting (AMA)

Advanced Management Accounting (AMA)

AMA Focusing primarily on the long term, P2 builds on the insights about costs and their drivers (from P1) to provide the competencies needed to analyse, plan and manage costs to support the implementation of the organisation’s strategy. It shows how to manage and control the performance of various units of the organisation in line with both short-term budgets and long-term strategy. Finally, P2 covers investment decision making and the risks associated with such decisions. It provides the basis for developing deeper understanding of various types of risk affecting the strategy and operations of organisations (covered in P3).

Learning Outcomes

On completion of this module, students are expected to be able to:

  • Devaluate techniques for analysing and managing costs for competitive advantage.
  • Discuss decision making in responsibility centres.
  • Discuss issues arising from the use of performance measures and budgets for control.
  • Evaluate issues arising from the division of the organisation into responsibility centres.
  • Evaluate information to support project appraisal
  • Discuss pricing strategies and their consequences.
  • Analyse information to assess its impact on long-term decisions.
  • Discuss management’s responsibilities with regard to risk.
  • Your Instructor

    Vidya Rajawasam