Singapore University of Social Sciences

Financial and Managerial Accounting

Financial and Managerial Accounting (ACC202)


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


  • Analysing transactions
  • Adjusting accounts and financial statements
  • Inventories and cost of sales
  • Receivables
  • Long-term assets
  • Liabilities and equity
  • Statement of cash flows
  • Financial statement analysis
  • Managerial accounting concepts and principles
  • Cost allocation
  • Cost-volume-profit analysis
  • Master budgets

Learning Outcome

  • Analyze business transactions and explain how they are reflected in financial reports
  • Present the contents of general purpose financial statements
  • Explain the impact of different cost flow assumptions when accounting for inventory
  • Comment on the difference between the direct write-off and the allowance methods to account for receivables and uncollectible receivables
  • Identify the net book value of long-term assets and explain how they and their related expenses are reflected in financial statements
  • Categorize and describe various types of liabilities and equity
  • Examine a statement of cash flows
  • Use financial ratios to analyze financial statements
  • Discuss managerial cost concepts
  • Describe the allocation of overhead costs to products
  • Compare different types of cost behaviors and use cost-volume-profit analysis
  • Interpret a master budget
  • Develop the essential knowledge and interpersonal skills to work effectively in a team
  • Demonstrate proficiency in written and verbal communication skills
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