This course covers managerial accounting and how to evaluate cost-accounting data in order to help management do its job effectively in the areas of planning, control, motivation, communication, evaluation of performance and decision making. Accordingly, topics include traditional and activity-based costing, standard costing, relevant costing, variable costing, cost-volume-profit analysis, short- and long-term budgeting, alternative decisions, performance measurement, responsibility accounting and transfer-pricing.

Learning Outcomes

At the conclusion of the course, you should be able to

• Speak accounteese
• Understand the differences between managerial and financial accounting
• Utilize the concepts learned in job related context.