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Module/Course Description

Course Title: Managerial Accounting

Course Code: UU-ACG-1002-ZM

Programme: Bachelor of Business Administration - BL

Credits: 12.00

Course Description:

Rationale


The Managerial Accounting course explores the strategic importance of managerial accounting in modern business environments. Students learn fundamental concepts and techniques essential for effective management accounting, including cost management, job costing, and budgeting. Through internal control and decision-making skills development, students gain a comprehensive understanding of managerial accounting's role in optimising organisational performance across various sectors.

The aim of the course is to equip students with theoretical knowledge and practical skills in managerial accounting, essential for strategic decision-making in contemporary business settings.

 

Learning Outcomes


At the end of the course students will be expected to:
(i)    Explain the nature, scope, and purpose of managerial information, by assessing its importance and role in the business environment.
(ii)   Identify cost accounting techniques used in business and evaluate the nature of costs, their classification, and behaviour.
(iii)  Prepare budgets for planning and apply profit planning estimation by developing a master budget, utilising costing systems.
(iv) Compare actual costs with standard costs, analyse any variances, and perform cost-volume-profit analysis.
(v)  Identify ethical issues related to financial information preparation and interpretation for business management.

Prerequisites: UU-Bsc-IND100-ZM, UU-FNT-103-ZM

Prerequisites Categories: Semester 1, Semester 2, Semester 3

Typical Module duration: 4.0 Week(s)

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