Singapore University of Social Sciences

Financial and Managerial Accounting

Financial and Managerial Accounting (ACC202)

Applications Open: 01 October 2024

Applications Close: 15 November 2024

Next Available Intake: January 2025

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1551.36 View More Details on Fees

Area of Interest: Business Administration

Schemes: Alumni Continuing Education (ACE)

Funding: To be confirmed

School/Department: School of Business


Synopsis

ACC202 Financial and Managerial Accounting is an introductory course in financial and managerial accounting. It provides an understanding of fundamental concepts used in accounting and their role in business. Students will learn the basic knowledge and skills to analyse and apply accounting information to support decision making.

Level: 2
Credit Units: 5
Presentation Pattern: EVERY REGULAR SEMESTER

Topics

  • Concepts and principles of accounting
  • The anatomy of financial statements
  • Recording financial transactions
  • Accounting treatment for accruals
  • Financial statement analysis
  • Financial ratio analysis
  • Role of Managerial Accounting
  • Basic cost concepts
  • Cost-Volume-Profit (CVP) analysis
  • Relevant costs for managerial decisions
  • Budgeting and planning
  • Flexible budgets and variance analysis

Learning Outcome

  • Describe the contents of general purpose financial statements.
  • Explain how common transactions affect different accounts and how accrual accounting affect the accounting treatments of prepayments and accruals, inventories, receivables and non-current assets.
  • Analyse financial ratios to provide insights about a company.
  • Categorise costs for different purposes and compute the cost of goods sold for a manufacturing company.
  • Apply cost-volume-profit analysis.
  • Use relevant costs to evaluate managerial decisions.
  • Present a master budget.
  • Employ a flexible budget to analyse revenue and spending variances.
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