Accounting Information for Management Planning and Control

Learning Outcomes

Upon successful completion of this course, students are expected to be able to demonstrate a general understanding of the various cost management accounting concepts; apply, analyze and manage the business using activity based costing and activity based management concepts; formulate a business profit plan (budget) and analyze results, including the application of flexible budgets; apply, analyze and manage the business using various mgt acc concepts such as standard costing, responsibility acc., and transfer pricing; apply and analyze decision using relevant cost and benefits concepts; demonstrate an understanding and the ability to apply and analyze Capital Expenditure decisions.

Topics

This course provides a basic understanding of financial and managerial accounting and how they are used by management or professionals in undertaking their daily business responsibilities. The first part of the course is focused on a better understanding of financial accounting functions. Meanwhile, the second part of the course will focus on the managerial accounting to make integrative business decisions and make corrective decisions when necessary.