Managerial Accounting (1)

Description

The course focuses on emphasizing the rule of managerialrnaccounting in the decision making process, explaining the basicrnprinciples for the cost volume profit relationships. Identify the usernof relevant information in incremental and differential decisions.rnAlso it introduces the segment reporting and the use ofrnresponsibility accounting to evaluate the responsibility centers.rnExplain the use of master budget in planning and decision making.

Program

Accounting Major

Objectives

• Understand the relation between cost, volume and profit.rnï‚· Prepare budgets.rnï‚· Apply differential analysis.rnï‚· Understand the meaning of responsibility accounting.rnï‚· Understand how to standards are set and how to calculate standard cost variance.