This course focuses on the internal uses of cost and financial accounting data for management planning, control and decision making. As such, it involves a detailed study of static and flexible budgeting, responsibility accounting and reporting, standard costs and variance analysis, capital expenditure planning and evaluation and alternative choice decisions. Relevant costs and performance evaluation topics are also covered.

COURSE OBJECTIVES 

This course is designed to achieve the following objectives: 

1. To acquire knowledge needed to select and use the accounting information necessary for managerial decision-making. 

2. To develop skills in solving management problems using accounting data. 

3. To understand certain kinds of accounting information needed by managers along the major functions of management