MANAGERIAL ACCOUNTING(LECTURE IN ENGLISH)

This course has two parts: cost accounting and management accounting. In the first part, we will study the cost flow to calculate the inventory in the balance sheet and the cost of goods sold in the income statement. In the second part, we will focus on how managers can use accounting information to assist them in making decisions and how accounting information can be used to control a firm. We will use cost and management accounting to build a framework for understanding internal accounting systems, and apply these theoretical concepts to construct real world managerial decision problems.

This course is designed to help you understand the concepts and applications of cost management principles, and to provide an opportunity for you to develop skills in applying these principles through exercises and cases. The best way to learn the material is to gain experience through problem solving. During the course we will spend a substantial amount of time solving problems based on real world managerial decisions. The objectives of this course are as follows.

1. You will learn what cost accounting is, and why it is important.
2. You will learn how firm managers use cost accounting in business decision making.
3. You will learn how to obtain cost leadership and improve cost accounting procedure.

The structure of this course is a combination of lectures and problem solving. End-of-chapter problems and additional problem material have been identified to help you learn how to apply the concepts. Students are expected to read the relevant chapter material and attempt to solve the recommended problems PRIOR TO class. Most of the recommended problems will be covered in class. This will be JOINT work and I will consistently call upon members of the class to provide parts of the solution.

Prerequisites: Introduction to accounting