Managerial Accounting_GAP04

Overall Course Objective

Managerial accounting is also known as management accounting and it includes many of the topics found in cost accounting.

Some managerial accounting topics focus on computing a manufacturer’s product costs that are needed for the external financial statements. For example, the manufacturer’s income statement must report the actual cost of the products sold, and its balance sheet must report the actual costs in its ending inventories. Managerial accounting assists management by providing analysis cost-volume-profit relationships, operational and capital budgeting, standard costing, variance analyses for costs and revenues, transfer pricing, Financial Statement Analysis, Cash flow, and more.

Major Topic

• Break Even point Analysis and Management
• Planning Management and Budgeting
• Analyzing and Interpreting Financial Statements
• Cash Flows Analyzing