• The Open University

Business Management: Fundamentals of Management Accounting

Develop your accounting skills and knowledge to help you make better business decisions and achieve your professional goals.

840 enrolled on this course

Hand using a calculator.

  • Duration

    10 weeks

  • Weekly study

    10 hours
Overview
Requirements
This course is part of the Business Management: Fundamentals of Management Accounting program, which will enable you to gain the key accounting knowledge you need to level-up your management career.

Develop your understanding of how management accounting contributes to a successful business with this microcredential from the Open University.

Discover best-practice approaches to management accounting and inform your professional decision making. You’ll develop new skills to improve your effectiveness and ability to adapt your approach to solving business challenges.

What topics will you cover?

  • The need for financial information
  • Budgets for planning and control
  • The practical use of budgets
  • Cost concepts
  • Contribution and break-even analysis
  • Costing products and services
  • Cost information and decision making

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Identify the need for accounting information when managing organisations.
  • Calculate the cost of different types of products, processes and services.
  • Evaluate and implement appropriate costing methods to make financial decisions.
  • Prepare a budget for planning and control purposes.
  • Interpret a variety of different types of information from different information sources.

Who is the course for?

This microcredential will increase your confidence in applying management accounting principles to solve business problems.

In particular, it will enhance the employability of:

  • Professionals who would like to progress to management level.
  • Professionals who are new to an accounting role but lack formal qualifications
  • Senior professionals looking to develop their management accounting skills
  • Self-employed professionals looking to develop their skills and knowledge of management accounting

The skills you’ll learn will be relevant for learners from countries around the world.

Who developed the course?

The Open University

As the UK’s largest university, The Open University (OU) supports thousands of students to achieve their goals and ambitions via supported distance learning, helping to fit learning around professional and personal life commitments.

  • Established

    1969

  • Location

    Milton Keynes, UK

  • World ranking

    Top 510Source: Times Higher Education World University Rankings 2020

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control

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