SyllabusThe subject will cover the following topics:
- purposes of management accounting, ethics and management accounting, elements of management control, the Internet as a professional resource, spreadsheeting; cost benefit, responsibilities of the management accountant;
- history of management accounting, cost concepts, cost allocation, product costing, job costing, manufacturing overhead, lean accounting, TQM, Six Sigma;
- system design, overhead application methods, process costing, weighted average, standard costs, just-in-time variable and absorption costing;
- budgeting, variance analysis and control, kaizen budgeting systems, human aspects of budgeting, motivation;
- service department cost allocation, joint products and by-products;
- the design of cost accounting and control systems; activity based costing, quality management, target costing, theory of constraints, benchmarking;
- preparation of reports for management decision making, responsibility accounting, decentralised organisations, performance measurement (including ROI, RI, EVA and balanced scorecard);
- relevant costs and management decision making, special orders, make or buy decisions, outsourcing and further processing decisions;
- strategic decisions, critical thinking and business reports, Panopticism and control systems.
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