Description

Course Description – Management Accounting 2

This course provides students with advanced knowledge of management accounting concepts, methods, and techniques used to support strategic planning, performance management, and managerial decision-making. Building on prior accounting knowledge, the course focuses on the preparation, analysis, and interpretation of accounting information for complex business decisions and organisational performance evaluation.

The course covers key topics including the objectives and tools of contemporary management accounting, budgeting and master budget preparation, responsibility accounting, performance measurement systems, accounting information for strategic and operational decision-making, and the behavioural and ethical aspects of management accounting. Through lectures, case analyses, problem-solving activities, and individual study, students develop the ability to evaluate business performance, prepare relevant management reports, and apply accounting information to support effective managerial decisions.

Upon successful completion of the course, students will be able to design and use management accounting systems, prepare budgets and performance reports, evaluate organisational performance using appropriate accounting techniques, and apply management accounting information to support strategic and operational decision-making while considering ethical and behavioural implications.

Learning Outcomes

Development of knowledge and understanding: Students: • upgrade knowledge of methods of preparing relevant accounting information for decision-making purposes, • acquire basic knowledge of master budget preparation • acquire basic knowledge of responsibility accounting and other performance measurement issues, • upgrade the skills to prepare and use relevant accounting information for certain types of business decisions. • are aware of behavioral issues in accounting information preparation and use. Cognitive/Intellectual skills: Students: • are able to evaluate the importance and significance of business decision data and to select appropriate techniques for problem solving • can identify key aspects of problem from different view points.