Course Description
This course aims to link between management accounting and cost accounting which focuses on the role of management accounting information in planning, controlling, and decision making areas.
This course includes: Classification of cost accounting, using Beak-en analysis in profit planning, usage of operating budgets in the control and planning process, usage of relevant information in decision making process. Also, this course will cover all course topics with practical and applied cases to support the theoretical framework.
Course Aims
- Learn new knowledge regarding the general framework of administrative accounting its concept and importance and its relationship with other accounting branches.
- Knowing the concepts of cost and classification and behavior and the role that cost information plays in the areas of planning, control, and decision-making.
- Learn how to employ and use quantitative and analytical methods and economic concepts in the field of administrative accounting such as cost, volume, and profit analysis (equivalence) and a cycle in profit planning.
- Understanding and understanding the basis for preparing operational and capital budgets, and studying and analyzing the different situations of decision-making in the light of appropriate information and under circumstances of certainty or uncertainty
Course Contents:
- The concept of administrative accounting and its objectives
- The importance of management accounting information
- Measuring cost and its objectives
- Tie point
- Planning budgets
- Decision-making and preferred alternatives
Course ID: ACCT351
| Credit hours | Theory | Practical | Laboratory | Lecture | Studio | Contact hours | Pre-requisite | 4.50 | 4.50 | 4.5 | ACCT221 |
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