Upon successful completion of this course, students are expected to be able to: Explain the functions of each financial reporting and statement in firms’ decision making; analyze financial statements as part of decision making process; interpret results of financial statement analysis to improve financial health of a firm; explain the functions of management accounting and its applications; and apply appropriate managerial accounting approaches to solve complex managerial problems.
This course introduces to students about the concepts of financial statements as one of important information sources in making economic decision. The course is designed to give understanding about the important of financial statements, to give ability to read the financial statement as well as to analyze and interpret them. This course also introduces student 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 cost and profitability of an organization’s products, services, as well as creating values to customers
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