Managerial Accounting

Singapore University of Social Sciences

Managerial Accounting (ACC203)

Applications Open: 01 October 2023

Applications Close: 15 November 2023

Next Available Intake: January 2024

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1536 View More Details on Fees

Area of Interest: Business Administration

Schemes: Alumni Continuing Education (ACE), Resilience

Funding: SkillsFuture

School/Department: School of Business

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Synopsis

ACC203 Managerial Accounting focuses on the use of accounting information by internal stakeholders (i.e. managers) of an organisation. Accounting information has decision-facilitating and decision-influencing roles in an organisation. This course focuses on the use of management accounting tools and techniques to produce information to facilitate and influence managerial decisions. For example, many managerial decisions (such as production, marketing and pricing decisions) require accurate cost information; and various costing approaches will be introduced in this course. This course also introduces students to the preparation of budgets for planning and control.

Level: 2
Credit Units: 5
Presentation Pattern: Every semester

Topics

Agency Theory and Organizational Architecture
Use of Accounting Information within an Organization
Introduction to Cost Concepts
Cost Classifications and Cost Behaviour
Introduction to Product Costing
Job-order and Normal Costing Systems
Process Costing System
Overhead Costs Allocation
Activity-based Costing
Master and Operational Budgets
Flexible Budgets

Learning Outcome

Explain the use of accounting information in an organisation within the contexts of agency theory and organizational architecture.
Categorize cost types and recognise the accompanying cost behaviours.
Describe the flow of costs in a product costing system.
Use job-order costing to make managerial decisions
Use process costing to make cost related decisions
Apply various methods to allocate overhead costs for costing purposes
Compute costs using an activity-based costing system
Prepare master and operational budgets for the purpose of profit planning
Construct flexible budgets for the purpose of performance evaluation.
Develop the essential knowledge and interpersonal skills to work effectively in a team.
Demonstrate proficiency in written and verbal communication skills