MANAGERIAL ACCOUNTING

Students are introduced to the basic concepts and techniques of managerial accounting. This includes the preparation of a master budget, the recording of costs using a variety of methods (Job-order, Process costing and Activity-based costing), and cost-volume-profit analysis. Standard costing techniques and managerial reports are also discussed. Prerequisite: Financial Accounting(KIC)

1. Understand the role of managerial accounting in decision-making processes. 2. Analyze cost behavior and its implications for managerial decision-making. 3. Apply various costing methods to product and service costing. 4. Utilize budgeting techniques for planning and control purposes. 5. Perform variance analysis to evaluate performance and identify areas for improvement. 6. Apply relevant costing techniques to make short-term and long-term decisions.