- Course Description
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)
- Course Objectives
At the end of the course, the students will be able to acquire sound knowledge in management use of accounting data for decision making. Specifically, the students will:
Be able to understand the basic managerial and cost accounting concepts and principles
Learn the cost behavior and its use in decision-making
Gain insights on the importance of costs and the budgeting process
Develop skills in budgeting
Be able to know the importance of analyzing costs for decision making
- Teachnig Method
Attendance will be checked in compliance with the KMU policy.
The attitude of the students in the class will be observed and will be included in the grade.
Students are required to seek consultation with the professor at least once within the semester and will be reflected as part of the grade rating.
Only one examination will be conducted and that is the Final Examination.
A topic will be given to the team for presentation.
After the report presentation, non-reporter students will have to conduct an evaluation of the performance of the group doing the report.
As a follow-up on the understanding and knowledge gained from the report, all students will participate in the practical activity. The activity will be sent online to respective email addresses and submit the same as instructed. The activity is part of the practical exercises grade.
Practical exercises will be given after a series of lectures/discussions to check whether the students understand the theories, concepts, and principles. The exercises can be done online andr face-to-face.
- Textbook
- Assessment
The attendance of 15% rating is broken down into
10% for the attendance in classes
5% for the attitude in the class and consultation with the professor.
- Requiments
none
- Practical application of the course
Understanding costs is important in order to remain sustainable and profitable even in daily lives.
- Reference