UNIVERSITY OF LIVERPOOL 
ACFI102: Introduction to Management Accounting 
CATS Level: Level 4 FHEQ 
Comprehensive Revision Guide and Course Notes 2025 
 
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University of Liverpool - Introduction to Management Accounting (ACFI102)

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ACADEMIC YEAR 2024 - 2025

University	University of Liverpool
Module Code	ACFI102
CATS Value	15
Module Name	Introduction to Management Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you're studying ACFI102 at the University of Liverpool, this concise guide and practice test set is your essential companion for exam preparation. You don't need to be an expert in the module - a basic understanding and the ability to recall key information quickly are all you need. These notes serve as a valuable reference to deepen your understanding, strengthen your knowledge of core topics, and boost your performance in the final exam. This updated guide is designed to help you identify and overcome weak areas, giving you the confidence to pass the final exam on your first attempt.

This module introduces the purpose of management accounting and its role in supporting business decision-making. It covers essential techniques such as cost classification, marginal costing, cost-volume-profit analysis, absorption costing, and relevant costing. Students will learn how to apply these methods to generate information that supports planning, control, and decision-making, while also understanding the significance of non-financial factors in business performance. The module provides a foundation for advanced modules like ACFI203 and ACFI204, helping students develop key skills for further studies and professional practice.

The syllabus explores key topics including management systems and technology, classification and behaviour of costs, costing for labour and materials, budgeting, and standard costing with variance analysis. By the end of the module, students will be able to interpret and analyse management accounting information and evaluate the suitability of different techniques in various business situations.

MODULE CODE	MODULE NAME
ACFI101	Introduction to Financial Accounting
ACFI102	Introduction to Management Accounting
ACFI103	Introduction to Finance
ACFI201	Financial Reporting 1
ACFI204	Financial Management
ACFI225	Econometrics for Finance 1
ACFI231	Theory of Finance I
ACFI234	Theory of Finance II
ACFI304	Business Finance
ACFI309	Financial Reporting 2
ACFI310	Derivative Securities
ACFI321	Capital Markets
ACFI342	Financial Risk Management
EBUS205	Business Analytics
ECON112	Statistics & Data Analysis for Economics and Business
ECON121	Principles of Microeconomics
ECON123	Principles of Macroeconomics
ECON154	Statistical Foundations of Business Analytics
ECON210	Principles of Economics 2
ECON213	Econometrics 2
ECON222	Microeconomics 2
ECON233	Introductory Econometrics for Business & Economics
ECON241	Securities Markets
MKIB153	Fundamentals of Marketing
ULMS151	Organisations and Management

University of Liverpool - Introduction to Management Accounting (ACFI102)

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