Managerial Accounting ACNE 3308

Course description:

This course is designed to provide the student with managerial accounting concepts, procedures, and Quantitative models for planning and control,Budgets and its role in planning and control. And the nature, measurement, preparing and analysis of accounting data appropriate to managerial decision making, and comprehensive budgeting, statistical cost estimation, cost-volume-profit analysis, Activity based costing system ,application of probability to cost control, Standard Costs and Balanced Scorecard; Flexible Budgets.

Course Aims:

    • Develop and enhance understanding of the nature of Managerial accounting information in organizations, 
    • Develop and enhance the ability to use that information in making sound decisions, and your skill in assessing the consequences of these decisions. 
    • Develop and enhance understanding of the process and structure of management planning and control systems as a means to achieve corporate objectives, and of their intended and unintended consequences.
    • To develop the ability to select and apply appropriate management accounting techniques for the preparation and presentation of management information for decision-making, planning and control.

    Course outcomes:

    At the completion of the subject, students should be able to: 
    • Appreciate the important role that management accounting plays in manufacturing, service, nonprofit, and governmental organizations. 
    • Understand the management accounting concepts and techniques, particularly as they relate to preparation, processing, and use of accounting in planning, decision making and control in different types of organizations. 
    • Explain why management accounting information must include both financial and non-financial information. 
    • Understand how the design and use of management accounting systems and information can help in the management and control of organizational behavior. 
    • Appreciate the behavioral and ethical issues faced by management accountants. 
    • Develop an enhanced analytical, communication, interpersonal, and critical thinking skills in area of management accounting.