THE UNIVERSITY OF LIVERPOOL 
ACFI102: Introduction to Management Accounting 
Comprehensive Revision Guide and Course Notes 2024 
 
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University of Liverpool

Introduction to Management Accounting (ACFI102) - University of Liverpool

£29.00

ACADEMIC YEAR 2023 - 2024

University	University of Liverpool
Study Level	Undergraduate
Module Code	ACFI102
Module Name	Introduction to Management Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you are studying for the ACFI102: Introduction to Management Accounting, University of Liverpool - this comprehensive guide and practice test set is a must-have. You do not need to be an expert in the module, you just need a basic understanding and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final exam. This updated exam preparation guide helps you identify your weak areas, then you will pass the final exam on your first attempt.

In Introduction to Management Accounting (ACFI102), you'll explore how accounting information is used within businesses to aid decision-making. You'll master foundational techniques to generate reports that support planning, controlling costs, and making strategic choices. By analysing financial and non-financial data, you'll develop your ability to assess different techniques and their effectiveness in various situations. This module strengthens essential skills like adaptability, problem-solving, numeracy, business awareness, and communication, along with IT proficiency and lifelong learning for a well-rounded foundation in this critical field.

Main topics to be covered:

Introduction to management accounting and the classification of costs
Cost volume profit analysis
Full costing
Other costing approaches
Progress test one
Budgeting
Budgeting continued
Variance analysis
Making capital investment decisions
Managing working capital

MODULE CODE	MODULE NAME
ACFI101	Introduction to Financial Accounting
ACFI102	Introduction to Management Accounting
ACFI103	Introduction to Finance
ACFI107	Introduction to Accounting and Finance
ACFI201	Financial Reporting 1
ACFI204	Financial Management
ACFI304	Business Finance
ACFI309	Financial Reporting 2
ACFI310	Derivative Securities
ACFI342	Financial Risk Management
ECON112	Statistics for Economics and Business
ECON121	Principles of Microeconomics
ECON123	Principles of Macroeconomics
ECON154	Business Statistics
ECON213	Econometrics II
ECON222	Microeconomics 2
ECON233	Introductory Econometrics for Business and Economics
ECON241	Securities Markets
ECON311	Time Series Econometrics
MKIB153	Fundamentals of Marketing

Introduction to Management Accounting (ACFI102) - University of Liverpool

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