45127 Managerial Accounting I
This course in Managerial Accounting has been designed to enable the student to acquire the skill necessary to use, interpret and analyse accounting data. The ultimate objective is enable the student to become a better manager
- At the end of the semester, the students are expected to:
- 1. Estimate the standard cost of products and services using appropriate cost allocation methods, and analyze the variances between actual and standard costs.
- 2. Identify the relevant costs/revenues in different situations, and use them to make short-term and long-term economic choice decisions.
- 3. Describe the uses of financial information for managerial planning and control, compute transfer prices, and develop a budget for a responsibility center.
- 4. Integrate qualitative factors along with quantitative ones in the problem-solving process.
Books for this Course
- Horngren, Foster & Datar (2000) “Cost Accounting –A managerial emphasis” Prentice Hall, New York
- Hansen D.R. (1990), Management Accounting, PWS-KENT, U.S.A.
- September 2015
- January 2016