ACC2022S
- Management Accounting I
Introduction
Course Description
Analysis of costs and Systems for establishing costs; Relationship
between costs, revenue and profit; Absorption and variable costing; Cost
benefit analysis and pricing; Activity based costing and Standard costing.
Introduction
Studying Managerial Accounting is one of the best business
decisions a student can make. Why? Because success in any business - from
the smallest corner stores to the largest multinational corporation -
requires the use of managerial accounting principles and practices.
Managerial accounting provides the key data to managers for planning and
controlling, as well as for costing products, services, and customers.
Today especially as more and more managerial accountants are being called
on to be decision makers instead of data providers, the theme of
different costs for different purposes is essential for a thorough and
useful accounting education.
Charles T Horngren, Stanford University (adapted)
Management Accounting I (Manacc I) is a first course in the discipline
referred to as Costing and Management Accounting. Management Accounting is
about planning, controlling, and decision making in business. Subsequent
courses in Finance and Taxation will fully equip the accountant to perform
this role in business.
Management Accounting will build on your knowledge of Financial
Accounting as well as the skills learned in Economics and Statistics. The
minimum pre-requisite for registration is a pass in Financial Accounting
1A (Conversion Course students are exempt from this requirement).
Further Managerial Accounting & Finance courses offered in the
Department of Accounting are:
- ACC3024F Financial Management. This first semester half course at
third year level provides BCom students with an introduction to finance
and aspects of financial management.
- ACC3023S Management Accounting II. This is a second semester half
course at third year level. This course will build on Management
Accounting 1 and will be particularly important for those students
wishing to qualify as Chartered Accountants or who wish to obtain
exemptions for the international qualifications ACCA and CIMA.
- ACC4020W Managerial Accounting & Finance II. This is an advanced
course forming part of the PDGA programme for students wishing to
qualify as Chartered Accountants.
Course Convenor
Lyndie Bayne
Office: Leslie Commerce Room 5.04
Tel: 650 2259
Email: Lyndie.Bayne@uct.ac.za
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