MANAGERIAL ACCOUNTING (4 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: Appraise the role of management accountants in an organization; Identify manufacturing cost, non manufacturing cost, and classify service department cost to other operating departments/units using the cost behavior concept; Calculate the break-even-point and use Activity-based costing techniques to compute unit product cost; Prepare job order cost sheet, cost of production report, and financial budget for organization; Construct balance score card and analyse the most profitable use of a constrained resource and the value of obtaining more of the constrained resource; Interpret the model of management accounting in strategic decision making.

Topics:

1. Managerial Accounting and the Business Environment;
2. Managerial Accounting and Cost Concepts;
3. Cost-Behavior: Analysis and Use; Cost-Volume-Profit Relationships;
4. Variable Costing: A Tool for Management;
5. Cost Allocation;
6. Activity-Based Costing: A Tool to Aid Decision Making;
7. Systems Design: Job-Order Costing;
8. Systems Design: Process Costing;
9. Profit Planning; Flexible Budgets and Performance Analysis;
10. Segment Reporting, Decentralization, and the Balanced Scorecard;
11. Relevant Costs for Decision Making.