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Accounting For Managers

This course provides a detailed understanding of management and financial accounting over 45 contact hours and 3 credit units. The course introduces basic accounting concepts and principles for preparing financial statements. It focuses on understanding basic accounts and cost accounting concepts. The course aims to emphasize tools like break-even analysis and cost-volume-profit analysis. By the end of the course, learners will be able to apply various management accounting tools to enhance decision making, prepare financial statements, and understand budgets and their limitations. Assessment is through coursework, assignments, and a final exam.

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BWAMBALE SALVERI MUZANA
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66 views

Accounting For Managers

This course provides a detailed understanding of management and financial accounting over 45 contact hours and 3 credit units. The course introduces basic accounting concepts and principles for preparing financial statements. It focuses on understanding basic accounts and cost accounting concepts. The course aims to emphasize tools like break-even analysis and cost-volume-profit analysis. By the end of the course, learners will be able to apply various management accounting tools to enhance decision making, prepare financial statements, and understand budgets and their limitations. Assessment is through coursework, assignments, and a final exam.

Uploaded by

BWAMBALE SALVERI MUZANA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COURSE NAME: ACCOUNTING FOR MANAGERS:

COURSE CODE: PGF 111


LEVEL: YEAR ONE SEMESTER ONE
CONTACT HOURS: 45
CREDIT UNITS: 3

Course Description
This course provides a detailed understanding of management and financial accounting. It
provides a rational used in financial decisions in both private and public setting. This graduate
course introduces the basic concepts and principles of accounting for preparing the financial
statements such as income statement and Statement of financial position. The course focuses on
detailed understanding of basic accounts. The course also provides information about cost
accounting, cost concepts, cost accumulation systems. And finally the course aims to emphasize
basic decision making tools, such as break-even analysis and cost-volume-profit analysis to
interrelate the topics of financial accounting and management.
Course Objectives.
The objectives of the course are to impart accounting knowledge and skills to enable the learners
to:
1. Develop awareness of emerging trends in financial accounting
2. Identify and analyse financial accounting problems and opportunities in real life
situations.
3. Make decisions in the financial analysis context.
4. Plan for the financial resources of organisations in which they are employed.
Course Learning Outcomes
By the end of this course, learners will be able to;
1. Apply various management accounting tools to enhance decision making
2. Measure and evaluate performance of organizations
3. Prepare Financial Statements of different organizations
4. Prepare budgets suitable for any organization, identify any deviations from the budget
and investigate them so as to provide solutions.
5. Understand the role of budgets in organisations, their limitations and the behavioural
issues to consider when developing and using budgets for planning and control
Detailed Course Content
1) Book keeping and book keeping terms
- Branches of accounting
- Functions of accounting
- Parties interested in accounting information
- Cash accounting Vs Accrual accounting 2 hrs
2) System of accounting
- Accounting equation
-- Double entry system
- Essential features of accounting principles
- Accounting concepts and conventions 4hrs
3) Financial statements
- Income statement
- Statement of financial position 4hrs

4) Introduction to Managerial Accounting


- Difference between financial and managerial Accounting
- Need for managerial accounting information
- Code of conduct of managerial accountants 3hrs
5) Cost terms, concepts and classification
- Manufacturing and non-manufacturing costs
- Cost classification 3hrs
6) Controlling and costing Material
- Procedures for material procurement and use
- Material costing methods
- Costing procedures for scrap, spoiled goods and defective work
- Requirements of a system of material control
- Stock control levels
- Need for material cost control
- Just In Time Production
- Material Resource Planning (MRP)
- Total Quality Management
- Enterprise Resource Planning 8 hrs
7) Cost Volume profit relationship (CVP analysis)
- Graphical representation
- Gross margin and contribution margin
- C/s ratio
- Importance of CVP analysis 5hrs
8) Short term decision making
-Overview of decision making
- Decision making process
- Relevant and irrelevant costs and information
- Types of information for decision making
- Types of decisions 8hrs
9) Budgetary Planning and control
- Participative Vs self-imposed budgeting
- Qualitative factors in budgeting
- Zero Based Budgeting
- Budget committee
- Functional budgets
- Cash budget
- Master budget
- Variance analysis 8hrs
Total Contact Hours =45
Mode of Assessment.
Course work and Assignments 40%
Final exam 60%
Teaching methods
Face to face lectures, group presentations and class discussions.
References
1. Arora M.N. (2006). Cost Accounting principles and Practice, 9th Edition, Viska
Publishing House ltd. Shahdra Dehli.
2. Carlon, S., Mladenovic-McAlpine, R., Palm, C., Kimmel, P.D., Kieso, D.E,. & Weygandt,
J.J. (2012). Accounting: Building Business Skills, 4th Edition, Wiley - Milton, Qld.
3. Drury, C. (2008). Management and cost Accounting, 7TH Edition, London: Thoumpson.
4. Engel, E., Hirst, D.E., & McNally, M.L.(2010). Cases in Financial Reporting, 6th
edition, Cambridge Business Publishers, (available online:
http://www.cambridgepub.com/casesinfinancialreporting/),.
5. Nuhoglu, I. (2014). Principles of Accounting, 7th edition, Bogazici University
Printhouse,
6. Wood,F. & Horner, D. (2010). Business Accounting Basics. Pearson, UK
7. Wood, F. & Sangster, A. (2008). Business Acounting, Volume 1 11th Edition. FT Prentice
Hall, UK.

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