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Management Accounting for Logistics

Compare financial and management accounting, explore budgets and learn how to apply them to different budgetary control systems.

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  • Duration

    2 weeks

  • Weekly study

    13 hours
Overview
Requirements
Educators

Recognise how management accounting and budgets affect a logistics operation

During this course, you’ll compare financial and management accounting, explore budgets and learn how to apply them to different budgetary control systems.

You’ll have the chance to investigate the use of variance and break-even analysis in budgetary control and explore the different methods of allocating overheads. You’ll also demonstrate how to use these tools to control a budget.

What topics will you cover?

Week 1

  • Define the difference between financial and management accounting
  • Recognise the behaviour of costs
  • Define budgets and cost centres
  • Identify different budgetary control systems

Week 2

  • Recognise standard costs
  • Use variance and break-even analysis
  • Outline marginal costing
  • Identify absorption and activity-based costing

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...

  • Compare financial and management accounting
  • Explore budgets and apply the different budgetary control systems
  • Investigate the use of variance and break-even analysis
  • Explore and demonstrate the different methods of allocating overheads

Who is the course for?

This course is for business professionals aiming to improve their logistics, supply chain or distribution skills, particularly in the costing and pricing of logistics services.

Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.

Who will you learn with?

Nick Wright

Nick Wright

Nick Wright is a Senior Fellow of the HEA and a Fellow of the CILT with over 30 years' experience in global logistics senior management roles in Europe and the USA.

Who developed the course?

Coventry University logo

Coventry University

Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.

  • Established

    1992

  • Location

    Coventry

Learning on FutureLearn

Your learning, your rules

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  • 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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