DURHAM UNIVERSITY

ACCT1101: Fundamentals of Management Accounting

Credits: 20

Comprehensive Revision Guide and Course Notes 2026

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Durham University - Fundamentals of Management Accounting (ACCT1101)

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ACADEMIC YEAR 2026 - 2027

University	Durham University
Department	Accounting
Module Code	ACCT1101
Module Name	Fundamentals of Management Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	120

These notes for ACCT1101: Fundamentals of Management Accounting at Durham University deliver a clear, concise summary of the module’s core material. They highlight the essential concepts you need to understand and apply, explaining principles; not just listing terms, so they’re easier to grasp and remember. Packed with practical explanations and focused examples, this resource helps you revise efficiently, deepen your understanding, and perform with confidence in the final exam.

This module, ACCT1101: Fundamentals of Management Accounting introduces you to the key concepts, knowledge, and techniques that form the foundation of management accounting. You will learn how management accounting operates within its wider context, focusing on areas such as costing, planning and control, and decision making. The aim is not just to understand these concepts but also to apply them and think critically about their use in real business situations.

By the end of the module, you will have a solid understanding of the costs involved in producing goods and providing services, the different methods of budgeting, and a variety of management decision-making techniques. You will also develop practical skills, such as choosing the right budgeting approaches, preparing budgets, and selecting performance measures to evaluate results. You will be able to calculate variances between actual outcomes and planned targets, as well as identify and analyse relevant data to support management decisions.

MODULE CODE	MODULE NAME
ACCT1061	Financial Accounting
ACCT1101	Fundamentals of Management Accounting
ACCT2071	Financial Management
ACCT2081	Management Accounting
ACCT2101	Financial Reporting
ACCT2141	Intermediate Financial Reporting
ACCT3091	Corporate Reporting
BUSI1131	Marketing Principles
BUSI1141	People, Management and Organisations
ECON1011	Principles of Economics
ECON1021	Economic Methods
ECON2011	Macroeconomics
ECON2021	Microeconomics
ECON2061	Econometrics
FINN1011	Foundations of Finance
FINN1037	Quantitative Methods 2
FINN1061	Introduction to Financial Economics
FINN2021	Financial Markets and Institutions
FINN2041	Corporate Finance
FINN2117	Derivative Markets
FINN3101	Financial Derivatives and Financial Engineering
MATH1617	Statistics I

UKNOTES

Durham University - Fundamentals of Management Accounting (ACCT1101)

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