Course Description:
This course is designed to acquaint students with the role of the accountant in the management team by providing and assisting in the analysis, interpretation, and forecasting of business organizations. It covers the discussion of the foundation of management accounting; its expanding role, organizational structure, and professional ethics for management accountants; design of management accounting systems (e.g., responsibility accounting system), evaluating the impact of changes in business structure, functions, and appropriateness of management accounting techniques and methods; performance measurement for planning and control such as: marginal, absorption, and opportunity costing; cost behavior; cost-volume-profit relationship; Advanced analysis and appraisal of financial and related information; business planning and budgetary systems; methods for planning and control.
Course Learning Outcomes (General Objectives)
This course is intended to develop strengthen the key competencies of students management accounting with emphasis on strategy development and execution and a deeper consideration of global issues affecting the practice of management accounting. At the end of the semester, the student must be able to:
1. Manifest a thorough understanding of how management accountants affect strategic decisions.
2. Exhibit the ability to be analytical in the decision making process.
3. Discuss and apply the basic concepts of performance measurement compensation and multinational considerations, balanced scorecard and strategic profitability analysis, environmental cost accounting.
4. Show proficiency in the use of computers and other office machines and an opportunity to apply computer skills to management accounting.
5. Exercise professional attitude by being honest, objective, and technically components as well as to be intellectually independent in giving advises and recommendations in rendering management advisory services.
6. Exhibit managerial skills and competence considering social responsibilities at all times.
7. Prepare and analyze accounting data, apply it to a range of planning, control and decision-making situations and adapt it to accommodate change
This course is designed to acquaint students with the role of the accountant in the management team by providing and assisting in the analysis, interpretation, and forecasting of business organizations. It covers the discussion of the foundation of management accounting; its expanding role, organizational structure, and professional ethics for management accountants; design of management accounting systems (e.g., responsibility accounting system), evaluating the impact of changes in business structure, functions, and appropriateness of management accounting techniques and methods; performance measurement for planning and control such as: marginal, absorption, and opportunity costing; cost behavior; cost-volume-profit relationship; Advanced analysis and appraisal of financial and related information; business planning and budgetary systems; methods for planning and control.
Course Learning Outcomes (General Objectives)
This course is intended to develop strengthen the key competencies of students management accounting with emphasis on strategy development and execution and a deeper consideration of global issues affecting the practice of management accounting. At the end of the semester, the student must be able to:
1. Manifest a thorough understanding of how management accountants affect strategic decisions.
2. Exhibit the ability to be analytical in the decision making process.
3. Discuss and apply the basic concepts of performance measurement compensation and multinational considerations, balanced scorecard and strategic profitability analysis, environmental cost accounting.
4. Show proficiency in the use of computers and other office machines and an opportunity to apply computer skills to management accounting.
5. Exercise professional attitude by being honest, objective, and technically components as well as to be intellectually independent in giving advises and recommendations in rendering management advisory services.
6. Exhibit managerial skills and competence considering social responsibilities at all times.
7. Prepare and analyze accounting data, apply it to a range of planning, control and decision-making situations and adapt it to accommodate change
- Teacher: Maramba, Veronica C.
- Enrolled students: No students enrolled in this course yet