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Course Outline 2015

This document outlines the course for Accounting for Managers at Great Land College. The 2 credit hour course provides an understanding of accounting processes, financial statements, and cost management from a decision-making perspective. Topics include the accounting cycle, financial statement analysis, management accounting, budgets, and relevant costs for decision-making. Students will complete individual assignments, presentations, and a term paper. Upon completing the course, students will be able to analyze accounting information, financial statements, and apply basic management accounting techniques to business decisions.

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27 views

Course Outline 2015

This document outlines the course for Accounting for Managers at Great Land College. The 2 credit hour course provides an understanding of accounting processes, financial statements, and cost management from a decision-making perspective. Topics include the accounting cycle, financial statement analysis, management accounting, budgets, and relevant costs for decision-making. Students will complete individual assignments, presentations, and a term paper. Upon completing the course, students will be able to analyze accounting information, financial statements, and apply basic management accounting techniques to business decisions.

Uploaded by

henocdane5
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Great Land College – Home of Greatness

MBA Program
Course Outline for Accounting for Managers
Instructor: Tarekegn Tariku Ibsa (email: [email protected] )
Course Title: Accounting for Managers
Course Code: Acfn 501 Credit Hours: 2 hrs
Course Description: The course provides to students the nature and the use of accounting
processes accounting information and cost management. The students are expected to have detail
understanding about accounting information and its uses from various decision-making
perspectives. The topics are chosen from a mix of financial and management accounting. The
financial accounting topics concern the basic financial statements, their analysis and the concepts
and procedures that underpin the preparation. Management accounting concerns 'cost', cost behavior,
product costing and information for planning and control.

Course Objectives
Upon completion of this course, students should be able to:

- Use accounting processes and business technology, information and support systems to
monitor issues, problems and opportunities affecting business activities.
- Understand the purpose, content and format of financial statements and the methods used
by accountants to prepare these statements, which are governed by regulatory
requirements and relevant accounting standards governing disclosure requirements for
these reports.
- Understand the implications of financial reports and their role in the development of
effective management mechanisms.
- Analyze and interpret financial statements by extracting information about past operations
and to develop expectations about the future outcomes.
- Explain the role of management accounting information in managerial decision-making
and apply basic management accounting techniques.
- Identify and explain accounting issues that arise in the workplace and their implications
for business behavior and resource allocation decisions.

Course content

Chapter 1: Accounting and Basic Financial Statements


- Accounting As an Information System
- Managerial Accounting
- Business Goals, Activities, and Performance Measures
- Decision-Makers: The Users of Accounting Information
- Types of Business Organizations
- The Corporate form of Business
- Accounting cycle and Basic Financial Statements

1
Chapter 2: Financial Statement Analysis (Term paper and presentation – I)
- Purposes of analysis - Trend Analysis
- Tools of Analysis - Ratios
- Uses and Limitations of Financial Ratios
- Measures of Profitability: Return on Assets (ROA) and Return on Equity (ROE)
Chapter 3: Management Accounting – A business Partner
- Management Accounting: Basic Framework
- Comparing Financial Accounting and Management Accounting
- Accounting for manufacturing Operations
- Direct Material, Direct Labor, and Manufacturing Overhead
- Product Costs Vs. period Costs
- Inventories of a Manufacturing Business
- Overhead Application Rates
- Determining the Cost of Finished Goods Manufactured
Chapter 4: Operating Budgets
- The Fundamentals of Budgets - Time Coverage of Budgets
- Budgets and the Budget Cycle - The Master Budget
- Reason for Budgeting - The Cash Budget
- Benefits of Budgeting - Kaizen Budgeting
- Strategy, Planning, and Budgets - Activity-Based Budgeting
Chapter 5: Relevant Costs and Alternative Choice Decisions
- The Accountants Role in Special - Using Relevant Costs
Decisions - Special Order Decisions
- Relevant Costs - Product Mix Decisions
- Alternative choice Decisions - Make or Buy Decisions
- The Cost indifference Point - Joint-Product Decisions
Mode of Teaching-Learning Processes
A combination of Lecture, Individual & or group assignment /projects, class presentation and discussion
by students, and case analysis methods will be employed.
Assessment Scheme
- Individual Article Review, Case studies and Presentations ---------------- 25%
- Individual Project Works (Term Paper) --------------------------------------- 25%
- Final Exam -------------------------------------------------------------------------- 50%
Textbook:
- Anthony A. Atkinson. [et al.]. Management Accounting: Information for Decision-Making
and Strategy Execution, 6th Edition, Pearson Education, Inc., Upper Saddle River, New
Jersey, 2012.
References
- Paul M. Collier , Accounting for Managers : Interpreting Accounting Information for Decision
Making, 2009, John Wiley and sons
- John Glynn, Bill Wilkinson, Michael P. Murphy, Anne Abraham , Accounting for Managers , 2008 ,
Thomson learning
- Eric Noreen, Peter Brewer, Ray Garrison, Managerial Accounting for Managers, 1st Edition,
MCGRAW-HILL, 2008
- Van Home, “ Fundamentals of Financial Management” 9th Edition , Mc Graw Hill inc, USA
- Keown M.P.S. “Financial Management principles and applications “10th Edition Prentice
Hall.

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