Learning Outcomes

By the end of this course, the student should be able to:

1.                  Appreciate various industry developments that have ‘shaped’ managerial accounting.

2.                  Have knowledge and apply various cost estimation methods- qualitative and quantitative.

3.                  Understand the features and superiority of Activity-Based Costing over the traditional method.

4.                  Make optimal decisions in the face of uncertainty.

5.                  Prepare Income statements using Absorption/Full costing and Variable/Marginal costing methods and make justifications for both methods.

6.                  Understand the key aspects of quality, costs of quality, continuous improvement and general principles of performance measurement, appraisal and control.

7.                   To make the students appreciate the key issues in strategic cost management.