This course aims to develop an understanding of cost accounting for products and services, budgets and budgetary control, information for decision making, and perfomance evaluation and control. The objective is to ensure a student has the ability to prepare and analyse accounting data and is able to apply it in a range of planning, control and decision making situations, assess its relevance, strengths and weaknesses, and consider how its use may be amended to accomodate change. Topics include an introduction to management accounting, cost-volume-profit relationship, costing system - service and merchandising, costing system - manufacturing, activity-based costing, operation costing, backflush costing, project control, inventory management and just-in-time purchasing, capital budgeting and cost analysis.
Cost & Management Accounting I
- Course Number: 3.42203
- Credit Points: 3
- Year of Study: 4
- Semester: 1