Management Accounting

Time:2013-10-22 09:06:43 Clicks:

Course Title: Management Accounting

Course Code: 12524

Teaching Hours: 48~64

Course Overview

The course is in association to Financial Accounting, Cost Accounting, Analysis and Interpretation of Financial Statements, other Management Disciplines. This course builds on “Fundamentals of Accounting” which the students have obtained credits for. In a general sense, Management Accounting is a facet of Accounting and accounting is only one part of a system in the Systems Approach to Integrated Management.

To provide students with a critical understanding of the context, rules, regulations, principles, techniques, interpreting, solution etc. of Management Accounting; apply the theory in students life situations and when they enter the business/commercial world, they compete in the scarce job market.

On completion of this course, students should be able to:

1. l          Describe the major users and uses of accounting information; why ethics is important to professional accountants.
2. l          How “cost” behaves and Cost-Volume-Profit Relationships (CVP), how to graph CVP,
3. l          Measurement of Cost Behavior.
4. l          Understand the different categories of “costs” eg. Variable, fixed etc. and be able to calculate them.
5. l          Why Activity-based costing (ABC) is superior and why ABC is not be able to be used by all companies.
6. l          Relevant information and decision making in marketing decisions.
7. l          Relevant information and decision making in Production decisions.
8. l          The Master Budget- main features, how to construct, its close relationship to the all disciplines of management.
9. l          Flexible budget and variance analysis
10. l          Management control systems and responsibility accounting
11. l          Management control in decentralized organizations
12. l          Capital budgeting.