The course deals with the use of accounting information for decision making. Specific topics emphasized include cost classification, cost measurement systems, activity based costing, segment reporting and performance evaluation. Lectures will emphasize on both the qualitative and the quantitative aspects of the course and the assigned readings will offer a more balanced coverage of topics
Course Content (Syllabus)
Financial and management accounting. Cost classifications: Variable and fixed cost. Cost-volume-profit relations. Variable and full costing. Activity based costing. Target costing. Pricing. Segment reporting and transfer prices. Profitability analysis and profit wheels. Balanced scorecard. Residual income and Economic Value Added.
Variable costing, activity based costing, transfer pricing, balanced scorecard, economic value added.