AAT – Applied Management Accounting

Students will learn how the budgetary process works, including how to construct budgets and report on both successes and concerns to stakeholders.


This course, integral to the Level 4 Diploma in Professional Accounting, equips students with advanced management accounting skills focused on three core areas: planning, control, and decision-making. It emphasizes the role of management accountants in not just analyzing and reporting data, but also in providing insights that propel business objectives forward. Students will learn how the budgetary process works, including how to construct budgets and report on both successes and concerns to stakeholders. They will develop skills to critically evaluate organizational performance.

The course also enhances students’ understanding of various control systems, teaching them when and how to use different methods effectively. This knowledge allows them to advise businesses in various situations.

Additionally, students will explore decision-making techniques for both short-term and long-term scenarios, understanding the unique challenges and uncertainties of each. This comprehension is crucial for management accountants to actively contribute to business decisions.

Overall, the course prepares students to apply their skills in real-world settings, making them valuable assets within their organizations.

Learning Outcomes
On successful completion of this subject, you should be able to:
  1. Understand and implement the organisational planning process
  2. Use internal processes to enhance operational control
  3. Use techniques to aid short-term and long-term decision making
  4. Analyse and report on business performance

Registration and Access

Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.

If you wish to receive an invoice instead of paying online, please contact us at info@eimf.eu. Access to the course is valid for 365 days.



Upon the successful completion of the subject Applied Management Accounting, you can advance to the next subject of the AAT Diploma in Professional Accounting Level or If you have already completed other subjects, you can proceed to apply for your full AAT membership.

  • The budgetary process
  • Budgetary responsibilities and accountabilities
  • Types of budgets and recommendations for their use
  • Impact of internal and external factors on forecasts
  • Uncertainty in the budget setting process
  • Budget revision to reflect changing circumstances
  • Budgetary control
  • Standard costing
  • Activity based costing
  • Target costing
  • Life cycle costing
  • Technology and its impact on operational control
  • Comparison of short- and long-term decisions
  • Relevant costing
  • Key factor analysis
  • Linear programming
  • Discount cash flows
  • Appraisal methods for long-term decisions
  • Financial performance indicators
  • Non-financial performance indicators
  • Divisional performance
  • Calculate forecasts
  • Study planner and guidance
  • Access to AccountingWise Learn
  • Comprehensive pre-recorded lectures
  • Extensive question practice (including mock exams and feedback)
  • Tutor support via phone or email

The AAT qualification is ideal for people who want a career in finance and business.

  • Format: Computer-based assessment
  • Availability: On Demand
  • Pass: A score of 70%
  • Length: 3 hours
  • Please Note: Official Exam is not provided; it should be purchased separately.

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