After completion of this course each student would be able to:
The Managerial Accounting is a compulsory course and has been offered by the Department of Industrial Engineering and Management.
|
CLOs |
Description |
Taxonomy Level |
PLO |
|
1 |
DISCUSS theoretical perspective of accounting |
C2 |
2 |
|
2 |
APPLY managerial accounting tools to management decision making. |
C3 |
2 |
|
3 |
ILLUSTRATE the financial position of business organization with the help of financial reports. |
C3 |
4 |
Course Contents:
Introduction to accounting, branches of accounting, users of accounting, terminologies used in accounting, introduction to managerial accounting, objectives of management accounting, Difference b/w financial accounting & managerial accounting.
Assets and their types, liabilities, Types of liabilities, Owner’s equity, Relationship between income and owner’s equity, Retained earnings.
Introduction to costing and cost accounting, objectives of costing, cost center and cost unit, elements of cost, cost classification, methods of costing, importance of cost accounting, limitation of cost accounting, Break even analysis.
Book keeping, Debit & Credit, the journal and theory of journalizing, the Ledger, trial Balance (T/B), Trading account, profit and loss account, Balance sheet, Financial statement, Income Statement.
Depreciation, Causes of depreciation, objectives for providing depreciation, Methods of calculating depreciation,
Nature of business finance, significance of business finance, rising of finance, Propose of financial analysis, users of financial analysis, types of financial analysis, major tools of financial analysis.
Introduction to budget, meaning and nature of budgetary control, objectives of budgetary control, essential steps for installation of budgetary control system, advantages of budgetary control, classification of budget.
