306-201 Intermediate Managerial Accounting

Coordinator:

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Timetable:

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Objectives:

On completion of this subject a student should:

• be able to understand the role of the managerial accounting system and its relation to the financial accounting system;

• be able to understand the concepts of and the relationship between planning, decision-making and control;

• be able to understand the nature and behaviour of costs;

• be able to identify and use costing techniques appropriate for different types of activities in a range of environments;

• be able to develop and use budgets and standards for planning and control;

• be able to understand the reasons for cost allocation and use the techniques available;

• be able to understand the difference between decision making in the short run and the long run and apply the relevant techniques;

• be able to use a spreadsheet package to assist in managerial accounting tasks.

Content:

This subject introduces the accounting techniques and processes available to assist managers in planning and controlling organisation activities. Topics include: cost measurement, cost accounting systems, budgeting, and accounting for inventory. The emphasis is on developing technical expertise in the use of these systems in both manufacturing and service organisations. The use of computers in applying these techniques forms an integral part of the course.

Assessment:

Prescribed Texts:

To be advised.