Upon successful completion of this course, students are expected to be able to: read, identify and analyze financial statements as a support in the decision making process in the business; interpret financial statement to improve financial health of the firm; analyze managerial problems and apply appropriate managerial accounting processes and techniques to support management in selecting business decisions and solving business problems.
This course introduces the students to financial statements in the business including how to prepare, read, analyze and interpret the financial report by studying financial accounting. Balance sheet, income statements, cash flow statements and statement of owner’s equity as financial reports will be covered in this course. This course also introduces students to develop management skills on company’s internal information, such as cost control and cost analysis. Moreover, management accounting can also be described as a managerial tool for business strategy and implementation. Therefore, this course also aims to give an understanding of analyzing costs and profitability of an organization’s products, services, as well as creating values for the business.
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