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Chapter
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Contents
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1
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Introduction to Mng. Acc., its close relationship to financial acc. and cost acc., major differences. Importance of ethics and a professional career in accounting.
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2
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Introduction to cost behavior and cost-volume- profit relationships; CVP graph, Formula and excel spread-sheet.
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3
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Management of cost behavior, step and mixed costs; 5 methods of measuring costs.
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4
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Cost management systems and activity –based costing; differences between traditional and activity-based costing systems.
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5
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Relevant information and decision making- marketing decisions; relevant and irrelevant information for making decisions; identify the factors that influence pricing decisions in practice
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6,
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Relevant information and decision making- production decisions; opportunity costs; decide whether to make or buy certain parts, joint products.
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7
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The Master budget- features and advantages, to prepare and related schedules.
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8
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Flexible budgets and variance analysis, distinguish between master and flexible budgets.
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9
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Management control systems and responsibility accounting. Management incentives- is it good or bad; balanced scorecard.
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10
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Management control in decentralized organizations
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Final Examination
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50%
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Mid-term Examination
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30%
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Two tests
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10%
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Homework assignments and class participation
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10%
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Total
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100%
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