Managerial accountants are an important part of any profitable organization. They record, collect, prepare, and analyze financial information managers can use to make financial decisions. Managerial accountants, also called management accountants, work internally for companies.
The main objective of the course is for students to develop knowledge and understanding of management accounting techniques to support management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business contexts.
Through this course the students will develop the skill of explaining the nature source and purpose of management information. In addition to this, the students will acquire the knowledge of explaining and applying cost accounting techniques that are fundamental to every managerial accountant. Light will also be shed on the importance in preparing budgets for planning and control. Part of the course is also to learn how to compare actual costs with standard costs and analyses any variance. At last, significance on explaining and applying performance measurement and how to monitor business performance will be covered.
The course consists of one multiple choice quiz carrying a weight of 100% towards the final course grade. In order to successfully complete the course and obtain your certificate you need to achieve an overall grade of 50% or above at the quiz.
Cost Classification and their Behaviour
Budgets and Assessing Financial performance