UNISA Management Accounting Course Module 2025-2026
| Introduction to Management Accounting – MAC1501 | |||
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| Under Graduate Degree,Diploma,Higher Certificate | Semester module | NQF level: 5 | Credits: 12 |
| Module presented in English | |||
| Purpose: To equip students with the knowledge of fundamental concepts in management accounting. Students who passed this module should be able to explain and apply the basic cost and management accounting principles relating to cost classification and terminology, material and inventory holding, labour costs and remuneration systems, manufacturing overheads, cost flows in manufacturing enterprises, cost-volume-profit analysis and budgeting. This module is useful to students who intend pursuing a career in accounting sciences, and will provide a foundation for latter in management accounting. | |||
| Principles of Management Accounting – MAC2601 | |||
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| Under Graduate Degree,Diploma,Advanced Certificate | Semester module | NQF level: 6 | Credits: 12 |
| Module presented in English,Afrikaans | |||
| Co-requisite: FAC1502 & (either BNU1501 or QMI1500 or DSC1630) | |||
| Purpose: To equip students with detailed knowledge, understanding and skills in evaluating, selecting and applying methods, procedures or techniques regarding management accounting principles like cost classification, cost behavior, cost-volume-profit analysis, cost estimation, cost objects, and various cost management accounting systems, for example job costing, process costing and joint and by-products; application of planning, budgeting and control techniques; valuation of inventory according to different methods; analysing of financial and other data to identify relevant information and use this information in decision-making. | |||
| Principles of Strategy, Risk & Financial Management Techniques – MAC2602 | |||
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| Diploma,Advanced Certificate,Under Graduate Degree | Semester module | NQF level: 6 | Credits: 12 |
| Module presented in English,Afrikaans | |||
| Co-requisite: FAC1502 & (either BNU1501 or QMI1500 or DSC1630) | |||
| Purpose: To equip students with knowledge and understanding regarding management accounting principles. Theories, methods, techniques and skills relevant to financial management are introduced and applied in topics such as: *Enterprise strategy and strategic financial management – creating an understanding of the role of strategic management and factors influencing such strategy. *Risk management – define and explain risk, risk frameworks, approaches and identification, risk assessment and reporting. *Managing and investing of funds – analysis of financial information, analysing and managing working capital, capital investments and capital budgeting techniques. * Financial management, financing and the cost of capital – time value of money concepts and solving time value of money problems, sources and forms of finance, theory of capital structure and the calculation of the cost of capital. | |||
| Application of Management Accounting Techniques – MAC3701 | |||
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| Under Graduate Degree,Diploma,Advanced Diploma | Semester module | NQF level: 7 | Credits: 12 |
| Module presented in English,Afrikaans | Module presented online | ||
| Pre-requisite: MAC2601 | |||
| Purpose: To equip students with specific competencies in decision-making and control enabling them with the ability to evaluate, select and apply various management accounting techniques – displaying integrated knowledge. The module is designed to facilitate students’ acquisition of these competencies through knowledge of and engagement in relevant Management Accounting topics at the forefront of the field; an understanding of the theories, methods and techniques relevant to the field; and an understanding of how to apply such knowledge in a particular context. Students learn how information is evaluated and used to control and improve business performance. The course syllabus includes the following main topics: Advanced behavioural aspects of cost; advanced concepts in costing systems; integrated planning and budgeting; standard costing; performance management in decentralised organisations; relevant devision making in various scenarios; price setting for internal and external purposes; advanced aspects of sensitivity analysis | |||
| Application of Financial Management Techniques – MAC3702 | |||
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| Under Graduate Degree,Diploma,Advanced Diploma | Semester module | NQF level: 7 | Credits: 12 |
| Module presented in English,Afrikaans | Module presented online | ||
| Pre-requisite: MAC2602 | |||
| Purpose: This module is primarily intended for candidates who are interested in qualifying as chartered accountants (SAICA) or management accountants (CIMA). It will enable students to develop the necessary competencies required by these respective professional bodies. Students who successfully complete this module will be equipped to: Evaluate financial and non-financial information and identify business in difficulty; determine the optimal capital structure; Appraise long-term investment opportunities; Determine working capital and dividend policies and optimise levels of cash and short-term financing. Apply basic techniques to manage exposure to foreign exchange transactions. Apply information technology (spreadsheet programmes) where suitable. | |||
| Selected Accounting & Financial Management Techniques – MAC3703 | |||
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| Advanced Diploma,Under Graduate Degree | Semester module | NQF level: 7 | Credits: 12 |
| Module presented in English | Module presented online | ||
| Pre-requisite: FAC2601& FAC2602 & MAC2601 & MAC2602 | |||
| Purpose: Students who successfully complete this module will be equipped to: Explain, describe and apply newer costing and management accounting techniques that are suited to the modern business environment . Apply traditional management accounting techniques in forecasting data under conditions of uncertainty. Distinguish between various pricing decisions and suggest suitable pricing strategies. Discuss various project management principles and apply selected tools and techniques. Apply the International Accounting Standard 11 Construction contracts to different scenarios. Demonstrate awareness of recent developments in financial and non-financial reporting. This module is primarily intended for candidates who are interested in qualifying as management accountants (CIMA). This module will enable students to develop the necessary competencies required by this professional body. | |||
| Honours Report in Management Accounting – HRMAC82 | |||
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| Honours | Year module | NQF level: 8 | Credits: 24 |
| Module presented in English | Module presented online | ||
| Co-requisite: HPMAC81 & (TAX4801 or HMEMS80) | |||
| Purpose: The purpose of this module is to enable students to plan and conduct scientific research for a research report at Honours level. Graduates should be able to display their abilities to do limited research in Management Accounting. | |||
| Research Report in Management Accounting – HRMAC83 | |||
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| Honours | Year module | NQF level: 8 | Credits: 36 |
| Module presented in English | Module presented online | ||
| Co-requisite: HMEMS80 | |||
| Purpose: To equip students with the competencies required to plan, execute and write an acceptable academic research proposal and report on a selected topic in Management Accounting. Students will be required to demonstrate the ability to gather, analyse, evaluate and apply knowledge on the existing body of literature on their chosen topic and integrate appropriate research methodologies in the field of Management Accounting to the discourse. | |||
| Enterprise Strategy – MAC4863 | |||
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| Honours,Post Graduate Diploma | Year module | NQF level: 8 | Credits: 24 |
| Module presented in English | Module presented online | ||
| Purpose: To strengthen and deepen managers’ and aspiring managers’ knowledge of enterprise strategies in organisations. The purpose of this module is to equip students with integrated skills across functions, but concentrates on developing the knowledge and skills used in designing and implementing strategy. Develop strategy in a context by gaining an in depth understanding of how the organisation’s external environment and stakeholders affect strategy development. Implement strategy by making sound theoretical judgements in choosing the right tools and techniques associated with change management. Apply tools to assist in the evaluation of the performance implications of a given strategy. This module will serve as preparation for writing various papers of the Chartered Institute of Management Accountants (CIMA). | |||
| Financial Strategy – MAC4865 | |||
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| Post Graduate Diploma,Masters Degree | Year module | NQF level: 8 | Credits: 24 |
| Module presented in English | Module presented online | ||
| Purpose: The purpose of the module is to equip students with the ability to apply financial management principles and techniques in various enterprises. Furthermore, the module will deepen the understanding of learners of the economic environment within which enterprises function. The module will also serve as preparation towards the writing of various papers at the Chartered Institute of Management Accountants (CIMA). | |||
| Information Strategy – MAC4866 | |||
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| Honours,Post Graduate Diploma | Year module | NQF level: 8 | Credits: 24 |
| Module presented in English | Module presented online | ||
| Purpose: This module will be useful to strengthen and deepen managers’ and aspiring managers’ knowledge of information systems in organisations. Students will be equipped to define, develop and implement financial information systems, manage information resources, including data and technology, in compliance with technical and operational requirements, to meet user needs. Students will also be empowered to advise management on the development of financial information strategies, to utilise financial information to support the management activities of planning and decision making and to monitor and control financial information systems and services. It will also serve as preparation towards the writing of various papers at the Chartered Institute of Management Accountants (CIMA). | |||
| Performance Strategy – MAC4867 | |||
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| Post Graduate Diploma | Year module | NQF level: 8 | Credits: 24 |
| Module presented in English | Module presented online | ||
| Purpose: Students who successfully complete this module will be equipped to identify, evaluate and manage various risks that could adversely affect the implementation of the organisation’s strategy. The module aims to provide the competencies required to analyse, evaluate and apply the techniques, processes and internal control systems required to manage risk. Students will also be equipped to minimise the risk of fraud, apply ethical standards, and understand the requirements of good corporate governance and the role of the board of directors, risk manager and internal audit to manage risks. This insight is used to manage the risks associated with both cash flows and capital investment decisions- two important areas of organisational life for which the finance function is responsible. This module serves as preparation towards the writing of various papers at the Chartered Institute of Management Accountants (CIMA). | |||
| Strategic Case Studies – MAC4868 | |||
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| Post Graduate Diploma | Year module | NQF level: 8 | Credits: 24 |
| Module presented in English | Module presented online | ||
| Co-requisite: MAC4863, MAC4865, MAC4866 & MAC4867 | |||
| Purpose: To equip students to integrate skills across functions. This module in the form of case studies will be the practical application of the knowledge acquired from the three strategic level courses of the Chartered Institute of Management Accountants (CIMA). A wide range of knowledge and skills will be tested including analysis, presentation of information, communication skills and ability to integrate similar business cases. Teaching will take the format of simulated business contexts and real-life work situations through which competencies will be tested. This course will be a simulation of the job role of a senior manager communicating to the CFO and the rest of the senior management team. After completing this course, students should be able to demonstrate the required level of proficiency in each of the competency areas covered by the other strategic level courses of CIMA namely E3, F3 and P3. | |||
