363-0711-00L Accounting for Managers

Abstract	Overview of financial and managerial accounting Accounting for current and fixed assets Liabilities and owner’s equity Recording change in balance sheet Measuring financial performance Managing financial reporting Full and variable costing system Using accounting information for decision making purposes
Learning objective	Understand the different procedures involved in the accounting system Record change in financial position Measure business income Prepare final accounts Understand the principles of cost accounting Calculate the different product costs Make decisions about the acceptance or rejection of a particular product
Content	Financial Accounting: Balance sheet, income statement, double-entry accounting, journal and ledger, accounting for merchandising activities, value-added tax, adjustments before final accounts, provisions, depreciation, valuation, Managerial Accounting: Full costing, variable costing, cost-volume profit, break-even analysis, activity-based costing Exercises
Prerequisites / Notice	This course is a prerequisite for the course Financial Management.