The Management Accounting and Decision Making course is crafted to enrich learners' comprehension and proficiency in management accounting principles and their application in decision-making processes. It integrates comprehensive subject matter, fosters independent analysis, encourages practical utilization of knowledge, promotes critical evaluation of data sources, enhances logical reasoning, facilitates persuasive argumentation, and refines effective communication in English.
COURSE OBJECTIVES
This course endeavors to equip students with a holistic understanding and appreciation of management accounting's role and significance within organizational frameworks. It nurtures the capacity for critical examination of decision-making mechanisms within dynamic business environments, cultivating a deep understanding of managerial accounting principles. Students will explore essential topics including cost behavior analysis, cost-volume-profit analysis, budgeting, variance analysis, performance measurement, and strategic decision-making.
COURSE OUTLINE
The Management Accounting and Decision Making course encompass the following core components:
- Cost Behavior Analysis
- Cost-Volume-Profit Analysis
- Budgeting
- Variance Analysis
- Performance Measurement
- Strategic Decision-Making
STUDENT ACQUISITIONS
Upon successful completion of the course, students will:
- Grasp and appreciate the relevance of management accounting in organizational contexts.
- Develop a critical understanding of managerial accounting principles and their application in decision-making processes.
- Evaluate managerial decisions from multiple perspectives and analyze their implications for organizational performance.
- Gain insight into the influence of various factors including economic, social, technological, and ethical considerations on managerial decision-making.
- Apply quantitative analysis, problem-solving techniques, and communication skills proficiently in managerial contexts.
LEARNING METHODOLOGIES
The course employs a diverse range of effective learning methodologies, including:
- Engagement with comprehensive subject matter to foster deep understanding.
- Encouragement of independent analysis and interpretation of managerial accounting concepts.
- Facilitation of practical application of knowledge to real-world managerial scenarios.
- Promotion of critical evaluation of data sources and management information systems.
- Fostering logical reasoning and coherent argumentation in managerial decision-making.
- Development of skills in strategic thinking and rationale behind managerial decisions.
- Enhancement of communication abilities for clear and structured presentation of managerial insights.
