Based on the rationale that managers are required to be familiar with new management models which are very different to traditional management models, and to acquire the skills of using accounting information for internal decision-making, the main objective of this course is to familiarize students with the concepts of management accounting system, and how the information generated by such a system can be useful for decision making and performance evaluation.
The course will covers introduction of Managerial Accounting, budgeting and budget control where objectives of budgeting, stages in developing budgets and their interrelationship will be developed, operating and financing budgets and other elements of the budget. Cost volume Profit relationship where marginal cost, concept of Cost-Volume-Profit analysis and Break-Even point will be developed. Other topics like Decision making where capital investment decision will be discussed and finally variance analysis and standard costing.
- Teacher: Musabyimana William