Intermediate Management Accounting

Course Code: ACCT 3502

Academic Year: 2020-2021

The course starts with a review of key ideas learned in the introductory course, such as activity-based costing, static and flexible budgeting, variable and absorption costing, etc. This course introduces the concept of strategy and uses SWOT as a method of strategic analysis to cost accounting issues. Key issues like optimization of contribution margin in the face of constraints, determination of pay-off matrix using probabilities under uncertainties, sales variances, customer profitability, inventory management, just-in-time inventory and back flush costing are studied. The course examines the strategic issues underlying activity-based management, Kaizen, target and product life costing. The course also explores capital budgeting problems, determination of free cash flows and the use of different methods of analyzing capital budgeting problems, such as pay-back period, accounting rate of return, net present value (NPV) and internal rate of return (IRR).