???? Management Accounting I

Course Description

This course introduces students to the principles and techniques of management accounting for internal decision-making within organizations. Unlike financial accounting, which focuses on external reporting, management accounting emphasizes planning, control, and performance evaluation. Topics include cost behavior, budgeting, variance analysis, and decision-making tools that support managerial functions.

Course Objectives

By the end of this course, students should be able to:

1. Understand the role of management accounting in organizational planning and control.

2. Apply cost concepts and cost behavior analysis in decision-making.

3. Prepare budgets and analyze variances between actual and planned performance.

4. Use management accounting tools to support short-term business decisions.

5. Integrate ethical considerations in managerial decision-making.

Course Content (Main Topics)

• Introduction to management accounting: scope and objectives

• Distinction between financial and management accounting

• Cost concepts: fixed, variable, and mixed costs

• Cost behavior and cost-volume-profit (CVP) analysis

• Budgeting: preparation of sales, production, cash, and flexible budgets

• Standard costing and variance analysis (materials, labor, and overhead)

• Marginal costing and contribution analysis

• Decision-making techniques: make or buy, pricing, and product mix decisions

• Performance measurement and responsibility accounting

• Ethical issues in management accounting

Teaching Methods

• Lectures and tutorials

• Case studies and practical problem-solving exercises

• Group projects and presentations

• Use of spreadsheet tools for budgeting and variance analysis

Assessment Methods

• Continuous Assessment (Assignments & Quizzes) – 30%

• Practical Exercises / Projects – 20%

• Final Examination – 50%

Learning Outcomes

Upon successful completion, students will be able to:

• Apply management accounting techniques for planning and control.

• Prepare and analyze budgets and variances.

• Use CVP and marginal costing for business decision-making.

• Evaluate performance using management accounting tools.

• Make ethical and informed managerial decisions based on accounting data.

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