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Diploma in Management Accounting and Costing
The Diploma in Management Accounting and Costing (MAC) combines the study of basic traditional concepts and techniques with the most recent advances in management accounting and management information needed for planning, control, and decision making.
The Diploma is structured to develop a candidates critical understanding of the role of management accounting and costing in organisational planning, control and decision making at operational and strategic levels.
The Diploma in MAC is tested by a written, closed-book, three-hour exam.
This qualification is not currently available in the UK.
What will I learn?
On completion of the Diploma in MAC you will:
Have an understanding of costing systems for products, processes, operations and services to provide information to assist management in their decision making and policy formulation activities.
Understand the role of cost and management accounting in the modern day economic and commercial environment.
Have a detailed knowledge of both the financial control and decision support aspects of management accounting.
Apprecaite that the strategic aspects of management accounting.
On successful completion of the Diploma in MAC exemptions are available from the AIA Professional Qualification in Paper 3Cost Accountingand Paper 12Management Accounting.