About This Course

ACT502: Managerial Accounting is an essential tool that enhances a manager's ability to think critically and to make economic decisions using effective analytical techniques and maintaining ethical standards. This course focuses on the changing role of management accounting and basic concepts; cost behaviour and cost estimation; cost-volume profit analysis; absorption and variable costing; profit planning and activity-based budgets; flexible budgeting; cost management tools; and decision making.

After completing this course, students should be able to: 1. understand cost classification used to prepare financial statements: product costs and period costs etc. 2. integrate and use related information from variety of sources. 3. think critically and use analytical tools/techniques while solving problems 4. communicate information thru preparing different reports/statements, for instance, traditional vs contribution income statement, segment report, cash budget, budgeted financial statements etc.