ACCT20053  Cost & Management Accounting

This course introduces the concept of managerial accounting. Students will be introduced to the traditional approaches to costing such as job-order costing and process costing. Time will also be spent looking at some of the alternative accounting systems in operations costing and backflush costing. This course also introduces the additional purposes of management accounting in provision of information for decision making and the evaluation of past decisions. Budgets are studied in depth along with performance evaluation.