Course Outline

1. Managerial Accounting and the Business Environment

2. Cost definition, Cost terms, concepts & classification

3.  System Design – Job Order Costing, System Design, Process Costing, Joint & By-Product Costing,

4. Cost Behavior, Analysis & their use, Cost - Volume - Profit (CVP)Relationships, Variable and Absorption costing,

5. Activity Based Costing as a tool in Decision Making,

6. Standard Costing as a tool for measuring Performance,

7. Profit Planning, Flexible Budgets, and Overhead Analysis, and Relevant Costs for Decision Making.