The course aims to introduce students to the basic concepts and methods of managerial accounting and train them to use these methods effectively. The course focuses on the modern use of management accounting information in the field of finance and business as an administrative tool for the purposes of planning, control, supervision, and decision-making, which helps develop students’ skills and abilities to make decisions. This course focuses primarily on the role of management accounting information in helping management carry out its main functions (planning, control and supervision, and decision-making).
This course aims:
Introduce students to the principles and basics of cost accounting and management accounting by focusing on the role played by cost information and management accounting in the business environment.
Discuss the concepts of costs and the foundations of classifying cost elements
How to prepare lists of costs in light of the different methods of assigning costs for measurement and decision-making purposes
Analysis of the relationship between cost, volume, and profit, the comprehensive budget (estimated or planning budgets), and capital budgets.
Evaluate investment projects, static budgeting, flexible budgeting, and analysis of deviations
Manage accounting and provide the information necessary to make decisions, appropriate costs, and choose between different administrative decision alternatives
Analysis of performance results indicators (profits and profitability)