Accounting for Managers

This course deals with management accounting for creating value in a dynamic business environment by aligning strategic management. This course involves cost classification and activity-based cost management, responsibility accounting and IT funding and budgeting. This course aims to teach cost management to support management activities such as decision making, control and planning and so on.

The aims of this course are:

• To describe the objectives of managerial accounting activity.
• To gain the ability of using accounting information as a tool in applying solutions for managerial problems.
• To explain the purposes of budgeting.
• To understand cost, its measurement, analysis, relationship to profits.
• To recognize its use in budgeting and performance evaluation by managers.

Upon the successful completion of this course, students should be able to:

• to understand the ethical responsibilities and ethical standards that apply to managerial accounting.
• to distinguish the basic cost Management Concepts and Activity-based Costing and Management.
• to analyze cost behavior and link cost behavior to key business activities and business profitability.
• to explain responsibility accounting and IT funding and budgeting.
• to discuss the role of assumptions and predictions in budgeting.
• to use accounting information for managerial decisions and performance evaluation.

Textbooks:

1. Managerial Accounting, 9^th edition, Ronald W. Hilton,2011.

References:

1. Managerial-accounting-for-managers, Noreen, Brewer and Garrison, 2^nd edition, 2011.
2. Managerial Accounting, Ronald W Hilton and David E Platt, 10^th edition, 2014.