Managerial Accounting

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
4. Cost-Volume-Profit Relationships
5. Variable Costing: A Tool for Management
6. Cost Allocation
7. Activity-Based Costing: A Tool to Aid Decision Making
8. Systems Design: Job-Order Costing
9. Systems Design: Process Costing
10. Profit Planning
11. Flexible Budgets and Performance Analysis
12. Segment Reporting, Decentralization, and the Balanced Scorecard
13. Relevant Costs for Decision Making