||Weekly Class Schedule
||Tue 9:00-10:50 Thu 9:00-9:50
||It is a prerequisite to
||Office Hours Schedule
||Tuesday, 9 - 11 am, Wednesday, 16 - 17 pm, and Friday, 9 - 11 am
||Office / Room No
||The course introduces the students to the design of accounting procedures and systems that support managerial planning and control of
operations. By taking this course students develop the ability to collect, analyze, and communicate quantitative and non-quantitative
information to assist management in making more effective planning and control decisions.
||Main reading: Horngren, Harrison, Oliver: Accounting, 9th edition, Pearson, 2012.
Supplementary readings: Horngren, Datar, Rajan: Cost Accounting A Managerial Emphasis, 14th edition, Pearson, 2012.
Garrison, Noreen, Brewer: Managerial Accounting, 12th edition, McGraw-Hill/Irwin, 2008.
||After successful completion of the course, the student will be able to:
- Apply managerial accounting and its objectives in a way that demonstrates a clear understanding of ethical responsibilities.
- Prepare various costing schedules where an analysis of cost classification, behavior, and type is completed.
- Apply and analyze different types of activity-based management tools through the preparation of estimates.
- Perform cost variance analysis and demonstrate the use of standard costs in flexible budgeting.
- Prepare analyses of various special decisions, using relevant costing and benefits.
||Open class discussions with real-life - examples, active tutorial sessions for engaged learning and continuous feedback on progress, team assignments, quizzes, team projects that involve theoretical and practical segments.
||Introduction to managerial accounting
||Job order and process costing
||Activity-based costing and other cost management tools
||Short-term business decisions
||Capital investment decisions and time value of money
||The master budget and responsibility accounting
||Flexible budgets and standard costs
||Performance evaluation and the balanced scorecard
||Relevant cost for decision making
||Statement of cash flow
||Group Project Presentation