MBA8103 Management Accounting

Management accounting information system accumulates, classify, summarize and report information that will assist employees in decision making, planning and performance measurement. A cost accounting system is concerned with accumulating costs for inventory valuation to meet external financial accounting and internal profit measurement requirements. 

The Objectives of this course are to help students to:

• Understand the changing roles in business environment and management accounting techniques
• Explain different cost terms and concepts, cost assignments and designing of costing systems
• Describe the difference between internal and external reporting systems in management accounting
• Explain different costing techniques such as variable costing and absorption costing and profit reconciliation between different techniques
• Explain the procedure for determining relevant costs and revenues in management decision making process. 
• Explain the use of activity-based costing techniques, standard costing, variance analysis and profit planning and budgeting.

Learning Outcomes
At the end of this course students should be able to: 

• Describe costing concepts and their application in the design, implementation and operation o f costing systems.
• Evaluate the nature and purpose of cost and management accounting
• Apply cost management techniques which achieve the strategic objectives of the business
• Prepare and coordinate budgets and standard costing reports for planning, feedback and control.