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Management Accounting

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Accountancy is more than just calculating profit and loss. Management accountants help make tough financial decisions that help shape the future of a business.
Accountancy is more than just calculating profit and loss. Management accountants help make tough financial decisions that help shape the future of a business.

Now Studying: Management Accounting

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Core Training Activities

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Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

Multiple Choice activity
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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

Listening Activity
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Spelling and Recognition

Students will be able to identify and spell a vocabulary term correctly given only the definition.

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Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Additional Assist Benchmarks Budgeting Draft Entity Forecast In-depth Indicate Management accounting Overheads Period Risk Takeover Variance
Vocabulary list
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Reading Activity: Management Accounting

Improve your reading comprehension and vocabulary in context with our interactive reader.

Most businesses are aware of the value of highly skilled accountants, as their knowledge can save the company money. However, a lot of companies forget that good accountants can actually help in increasing revenue and decreasing overheads as well. Accountancy is much more than recording financial transactions in order to calculate profit or show the tax liability of a company. Management…
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Reading Comprehension Quiz

Test your understanding of the reading material with a quick comprehension quiz.

Reading Comprehension

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Speaking Practice Activity

Master your pronunciation by recording yourself and receiving feedback from native-speaking teachers.

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The company expected costs to be 100,000 but the actual costs were 120,000 so the director asked about the reason for the variance.
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AOL's takeover of Time Warner was one of the largest acquisitions in business history.
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It is important to minimize the risk to a company by having all the relevant information before making a decision.
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Writing Practice Activity

Improve your writing skills with guided essay questions and professional correction.

  • How can management accountants help a business?
  • Do you agree that management accounting is more valuable to a company than financial accounting? Why / why not?
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