ACCOUNTING FOR PLANNING AND CONTROL (2 SCU)

Learning Outcomes :

Upon successful completion of this course, students are expected to be able to create and analyze business profit (budget) plan including the application of flexible budgets Explain various concepts of cost accounting management Apply and analyze business using various accounting management conceptsApply relevant cost and benefits and capital expenditure concepts for decision analysis.

Topics :

The objective of this course is to provide students with the necessary knowledge and skills in managerial accounting to be innovative and take the initiatives to lead the organization towards growth and the creation of shareholders wealth. This course provides students with the knowledge of managerial accounting and how to use accounting information for management planning and control. Students will learn how to use management accounting information for planning, making business decisions, monitoring performance, evaluating the result and making corrective decisions when necessary.