Management Accounting

Description

Course Title: Management Accounting

Course Description: This course introduces students to the principles and practices of management accounting, which plays a key role in helping organizations make informed financial decisions. Focused on internal decision-making, students will learn how to analyze, interpret, and apply financial data to improve business operations, enhance profitability, and support strategic planning. The course covers key topics such as cost analysis, budgeting, variance analysis, performance evaluation, and break-even analysis. Students will also explore techniques such as cost-volume-profit analysis, job order costing, and activity-based costing (ABC). By the end of the course, students will be prepared to use management accounting tools to assist in budgeting, forecasting, and decision-making for organizational success.

Key Topics:

• Introduction to Management Accounting: Purpose and Importance
• Cost Behavior and Cost Classification
• Job Order Costing and Process Costing Systems
• Activity-Based Costing (ABC) and Cost Allocation
• Budgeting and Forecasting: Types and Techniques
• Variance Analysis: Identifying and Analyzing Deviations
• Cost-Volume-Profit (CVP) Analysis and Break-even Analysis
• Performance Measurement: Financial and Non-Financial Indicators
• Financial Decision-Making Tools: Capital Budgeting and Investment Analysis
• Management Control Systems: Planning, Monitoring, and Reporting
• Ethics and Professional Judgment in Management Accounting

By the end of this course, students will be equipped with the essential skills to analyze financial data, develop budgets, monitor performance, and assist in strategic decision-making. These skills are crucial for supporting the financial health and growth of an organization.