Course Code: ACCP 5203
Academic Year: 2024-2025
Students in this course will build on the foundations learned in the introductory management accounting course. They will focus on the decision making process of managers by first addressing the development and elevation of budgets. Standard costing and conducting variance analysis are introduced. Revenue, profit-related variances and production mix and yield variances are covered. Pricing for external customers and internal transfers of resources are introduced. Strategies on how to control costs are examined. Students will also cover inventory management and strategies to minimize inventory costs as well as performance evaluation and its importance. Students will be introduced to the idea of sustainability accounting and the triple bottom line which has become a more important global business initiative over the last decade or so.