BAB240 - Management Accounting

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Last revision date May 25, 2020 1:15:25 AM
Last review date Jul 6, 2020 3:43:18 PM

Subject Title
Management Accounting

Subject Description
In this course, students examine the fundamental concepts of management accounting including cost control, planning, decision making and performance evaluation utilized by users internal to the corporate organization. Specific items include standard costing, variance analysis, cost behaviours, budgeting, and break even analysis, make or buy decisions, return on investment and discounted cash flow for capital budgeting. The introduction of management accounting is applied to the analysis, interpretation and application to business including human resource decision making.

Credit Status
One credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Differentiate between and integrate information for external and internal users.
2. Describe cost behaviours and the impact of variables on it.
3. Describe various cost systems.
4. Analyze specific business decisions and use appropriate accounting data to develop recommendations.
5. Construct and complete master and flexible budgets.
6. Prepare a capital budget for project(s), using a variety of evaluation methods.
7. Conduct a cost-volume profit, analysis and produce an appropriate report.

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