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Understanding Managementl Accounting for Non-Accountants - UTS Open
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Understanding Management Accounting for Non-Accountants



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4 hrs


4 hrs

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Meet the Lead Academic

Monica Axiak

Monica Axiak
Accounting Academic

Monica is an Accounting Academic at the UTS Business School and will shortly be submitting her PhD thesis on Canadian flow-through shares. Monica's academic journey commenced at UTS, where she completed the Bachelor of Business (Hons) in Accounting and received the University Medal for her thesis titled, "Tax-loss selling in microcap firms on the Canadian TSX Venture Exchange".

She was invited to present this academic paper at the European Accounting Association conference in Cyprus, and the Australian Finance and Accounting Association of Australia and New Zealand conference in Brisbane.

Monica appeared on the Dean's Merit List every year of her undergraduate studies, and also completed a semester exchange at Nanyang Technological University in Singapore, which was a huge highlight of her studies.

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Designed for business professionals without a finance background, this short online course will help you understand how management accounting is crucial for making informed decisions. This course will provide you the necessary skills and knowledge to analyse financial data, control costs, and improve profitability, and allow you to apply what you learn immediately to your workplace. Don't miss out on this opportunity to enhance your business skills and advance your career.

About this course

Discover the secrets of successful management accounting with our online course! In just a few short weeks, you'll gain the skills and knowledge needed to make informed business decisions and drive growth in your organisation. You will be guided through real-world scenarios, teaching you how to analyse financial statements, create budgets, and identify cost-saving opportunities. With interactive lessons and engaging activities, you can learn at your own pace. Plus, with six months access to course materials, you can revisit key concepts whenever you need a refresher. Enrol now and take the first step towards becoming a management accounting pro!

Key benefits of this course

This course provides the perfect foundation to succeed in many industries, giving participants the edge they need to thrive in the business world. A short online course in management accounting can provide numerous career benefits, as it equips individuals with key capabilities and skills.

By completing this course, you can learn how to effectively manage budgets, and make informed business decisions based on financial data. These skills are highly sought after by employers and can help you advance in your career. Additionally, a strong understanding of management accounting can help you become a more valuable asset to your organization by contributing to better financial performance and overall business success.


Full price: $199 (GST-free)*

*Price subject to change. Please check price at time of purchase.

Discounts are available for this course. For further details and to verify if you qualify, please check the Discounts section under Additional course information.

Enrolment conditions

Course purchase is subject to UTS Open Terms and Conditions.

Additional course information

Course outline

This course will provide you the necessary skills and knowledge to analyse financial data, control costs, and improve profitability. This course is accessible and practical, giving you the ability to apply what you learn immediately to your workplace.

By the end of this course, you will have developed the skills to make informed financial decisions, analyse risks and rewards, assess current financial positions and plan for future growth.

  • This course is 100% online
  • Designed to allow you to work at your own time and pace
  • Course resources are downloadable
  • Access to course content for 6 months
  • Certificate of completion

The topics and key themes covered in this course include:

  • Budgeting
  • Sales & production budgets

Material purchase, direct labour & manufacturing overhead budgets

  • Cost-Volume-Profit Analysis
  • Cost behaviour
  • Contribution margin

Break-even analysis

  • Decision making
  • Special order decisions
  • Outsourcing decisions

Course learning objectives

By the end of the course, you will be able to

  • Create budgets that meet management objectives
  • Analyse the cost structure of a business
  • Apply management accounting decision-making techniques


To complete this online course, you will need a personal computer with adequate internet access and sufficient software and bandwidth to support web conferencing. You will also require an operating system with a web browser compatible with Canvas, Zoom and Microsoft Teams.


Discounts are available for this course as follows:

  • 10% discount for UTS alumni.

Discounts cannot be combined and only one discount can be applied per person per course session. Discounts can only be applied to the full price. Discounts cannot be applied to any offered special price. 

How to obtain your discount voucher code

Please contact the team at support@open.uts.edu.au with your student number to obtain your discount voucher code. If you have forgotten your UTS student number, provide your full name, UTS degree and year of commencement.  

How to apply your discount code 

  • If you are eligible for a UTS alumni discount, please ensure you have provided your UTS student number during checkout. If you have forgotten your UTS student number, email support@open.uts.edu.au with your full name, UTS degree and year of commencement.  
  • Add this course to your cart 
  • Click on "View Cart" (blue shopping trolley at top right of screen). You will need to sign in or sign up to UTS Open 
  • Enter your eligible code beneath the "Have a discount code?" prompt and click on the blue "Apply" button 
  • Verify your voucher code has been successfully applied before clicking on the blue "Checkout" button. 

Contact us

For any questions on enrolment or payment, please email support@open.uts.edu.au 

For any questions about course content, delivery or progression, please contact Business Futures at business.futures@uts.edu.au

Who is this course for?

This course is ideal for individuals without a financial background interested in taking their management skills to the next level, as well as those who want to gain a better understanding of the financial world. This includes, but is not limited to, the following roles:

  • Anyone with newly acquired responsibility over developing, managing, and meeting formal budgets and management targets
  • Professionals working in a wide array of roles or industries, including marketing, engineering and fashion
  • Leaders and managers working within small-to-medium enterprise
  • Aspiring entrepreneurs.

Book a session

Self paced
Expert: Monica Axiak
  • Start Anytime
  • Online
  • 4 hours total
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Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.