Management Accounting is part of a major new national programme of highly developed texts and modules for undergraduate business programmes published by Blackwell Business in association with the Open Learning Foundation. This text provides an introduction to management accounting. It enables students to develop an understanding of how managers use and interpret information to make rational decisions, how they make plans based on those decisions and exercise control over their organizations, and how they implement those plans. Topics covered include: Costs and decision making Investment appraisal Cost-volume-profit analysis Full costing Budgets and budgetary control Standard costs and variance analysis Evaluation of divisional performance.The material will be available in modules to provide a flexible resource base which can be readily adapted to meet the precise needs of students and lecturers. In addition, comprehensive guidance is available for lecturers explaining how to integrate the material into existing programme structures, suggested answers to activities, and solutions to exercises and assessments.