The course introduces management accounting and focuses on cost accounting for business operations involving products and provide comprehensive understanding to the interaction between business environment and managerial accounting, services and production processes and using the accounting information in internal planning and decision making. Several costing techniques are used to inform managerial problems as well as strategic and operations decisions by the application of high-low method, Cost-Volume Profit analysis (CVP) in multi-product settings, theory of constrains, quality costs, performance evaluation and pricing decisions .
The course offers an introduction to the discipline of accounting and the uses of accounting information. Students learn to read, calculate and analyze basic financial statements and financial ratios to analyze the financial performance of companies, the goals are for students to be able to record the financial transactions, read correctly the financial statements, to understand the procedures used to prepare them.