Cost And Management Accounting Fundamentals - A Southern African Approach Pdf Download |WORK|

Cost and Management Accounting is a comprehensive resource intended for courses which cover the fundamentals of this subject. The content is aligned to the latest curriculum of the major management accounting professional bodies, and deals with the basic concepts and techniques for the identification and control of costs, as well as general cost management. Cost and Management Accounting has a strong southern African perspective and covers current issues on each topic.

Cost and Management Accounting is a comprehensive resource intended for courses which cover the fundamentals of this subject. The content is aligned to the latest curriculum of the Chartered Institute of Management Accountants (CIMA), and deals with the basic concepts and techniques for the identification and control of costs, as well as general cost management. Cost and Management Accounting has a strong southern African perspective and covers current issues on each topic.

Cost And Management Accounting Fundamentals - A Southern African Approach Pdf Download

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Restricted to students admitted to the integrated approach to the Master in Professional Accounting. Analysis of manufacturing costs, development of cost estimates, and preparation of relevant information for management decision making. Three lecture hours a week for one semester. Only one of the following may be counted: Accounting 329, 359, 287 (Topic 5), 287 (Topic 1), 387 (Topic 1), 387 (Topic 5), Business Administration 382T. Offered on the letter-grade basis only.

Surveys the strategic uses of the most important elements of internal accounting systems, including cost accounting systems and management control systems used for planning and budgeting, and the use of publicly available financial accounting information to evaluate past performance, forecast future performance, and estimate the value of debt and equity securities. Meets all day on alternate Fridays and Saturdays. May not be counted by students with credit for Accounting 380K (Topic 7). Prerequisite: Graduate standing.

However, application of an activity based recording may be applied as an addition to activity based accounting, not as a replacement of any costing model, but to transform concurrent process accounting into a more authentic approach.

Robin Cooper and Robert S. Kaplan, proponents of the Balanced Scorecard, brought notice to these concepts in a number of articles published in Harvard Business Review beginning in 1988. Cooper and Kaplan described ABC as an approach to solve the problems of traditional cost management systems. These traditional costing systems are often unable to determine accurately the actual costs of production and of the costs of related services. Consequently, managers were making decisions based on inaccurate data especially where there are multiple products.

The prerequisite for lesser cost in performing ABC is automating the data capture with an accounting extension that leads to the desired ABC model. Known approaches for event based accounting simply show the method for automation. Any transition of a current process from one stage to the next may be detected as a relevant event. Paired events easily form the respective activity.

The benefits of project accounting are clear, but many cannot be achieved without the proper tools. ProjectManager is work and project management software that captures real-time data for more insightful decision-making. Organize costs and resources and monitor them in real time to better manage your budget and deliver success to your stakeholders.

The study of management accounting for internal reporting and decision-making. The course introduces a business-management approach to the development and use of accounting information. Major topics include cost behavior, cost analysis, profit planning and control measures. Accounting for decentralized operations, capital budgeting decisions, and ethical challenges in managerial accounting are also covered.

This course is an in-depth study of cost accounting focusing on its role in internal reporting and the resulting decision-making processes. Students will evaluate the foundation, ethics and basic costing systems employed in the management accounting profession; analyze budgeting, cost behavior, pricing and profitability concepts and principles; determine how cost allocations, product quality, and investment decisions are applied by management accountants; determine how current trends in various industries impact cost accounting; and demonstrate knowledge that is in accordance with the educational requirements for the Certified Management Accountant (CMA) exam.

/*-->*/The bachelor of science in Accounting degree program is a four-year undergraduate degree program. With Franklin University's B.S. Accounting, you'll acquire a solid background in financial reporting and analysis, managerial accounting and cost management, tax accounting, auditing and accounting ethics, as well as financial management.

Description: Presents the theory, procedures, and practice relating to product costs, including job order, process, and standard cost systems. Also includes analytical skills used to interpret accounting data used by management in planning and controlling business activities. Emphasizing the concept of "different costs for different purposes," this course focuses on cost accounting strategy and the decision making process and studies the development of detailed cost data essential to management for controlling operations, decision making, and planning. 54 hours lecture.(Letter grade only)

Management accountants produce financial reports that help managers decide how to run their business. They use their accounting, finance, and economics skills to provide insights into capital, margin and constraint analysis, inventory levels, and costs. In addition, management accountants may also be involved in planning and budgeting, risk management, decision analysis, and performance measurement. 2351a5e196