MANAGERIAL ACCOUNTING

Students are introduced to the basic concepts and techniques of managerial accounting. This includes the preparation of a master budget, the recording of costs using a variety of methods (Job-order, Process costing and Activity-based costing), and cost-volume-profit analysis. Standard costing techniques and managerial reports are also discussed. Prerequisite: Financial Accounting(KIC)

At the end of the course, the students will be able to acquire sound knowledge in management use of accounting data for decision making. Specifically, the students will be able to: 1. Understand the basic managerial and cost accounting concepts and principles 2. Explain cost behaviors and its use in decision-making 3. Understand the budget process and develop skills in budgeting 4. Measure and allocate costs and cost application 5. Understand managerial accounting concepts applied in business environment and in profession"

Attendance: Your attendance is expected at all classes. Attendance will be checked, in compliance with the KMU policy. Absence with valid reasons, the student must inform the professor before the class and present document upon reporting to class the documents. Homework and practical exercises is part of the grading system. Homework must be submitted before the start of class. It must be printed in A4 size MS word, 12 inch font size in double space. The first page must contain your full name (in alphabet), student ID number, title of the report and the date. No late homework will be accepted after the topic has been discussed. Practical exercises are cases and exercises which will be done in the classroom which will be given after the end of the lecture. Formal examination will be conducted based on the university schedule. Quiz will be announced. Term paper will be assigned to a group of students and will be presented in oral and in writing. Professional Ethics must be observed. Notation that the syllabus is a plan of action for this semester and is subject to change. The instructor reserves the right to make modification but will consultation with the students.

The attendance of 10% is distributed as 5% for attendance and 5% for attitude of the students in the class. Practical exercises refers to problem solving and cases analysis which will be done in the classroom and usually unannounced and usually given after the end of each lecture or chapter.

Financial Accounting

All business students should understand accounting data that are useful in planning. Responsibility and accountability are the concern of everyone either in business, in a group or even in personal life. In daily lives, whenever people do some budgeting, or check on financial status to make decisions to investment, to buy things or properties, or to calculate expenditures in the family, the use of accounting is prevalent. In business world, accounting is the most basic framework in providing a link between the business and the environment outside the firm. Regardless of occupation or profession, knowledge of accounting is of importance for the students in preparation for the real world