ADVANCED MANAGERIAL ACCOUNTING AND DECISION MAKING (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Appraise the role of management accountants in an organization; Identify manufacturing cost, nonmanufacturing cost, and classify service department cost to other operating departments/units using the cost behaviour concept; Calculate the break-even-point and use activity-based costing and management, JIT, target costing techniques to compute unit product cost; Analyse job order cost sheet, cost of production report, and financial budget for organization; Construct balance scorecard 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 Global Business Environment
2. Job Order Costing – Process Costing
3. Cost Volume Profit
4. Relevant Cost
5. Target Costing; Budgetary Planning; Investment and Responsibility Centers
6. Joint Cost
7. Standard Cost
8. Capital Expenditure
9. Enrichment Activity: Consultation –  Activity Based Costing
10. Enrichment Activity : Consultation   The role of IT in current management accounting
11. Enrichment Activity: Guest Lecture – Management Accounting Role in a Modern Business Environment
12. Enrichment Activity : Consultation   Performance evaluation using Balance Score card
13. Enrichment Activity : Consultation – Incremental analysis: further issues
14. Enrichment Activity: Guest Lecture – Tax in Management accounting