This course will facilitate to develop the ideas of student, cost accountant and individuals which are required to apply in the effective decision making of cost information to the managerial perspective in order to cost calculation, cost control and cost reduction.
National and global manufacturing businesses are facing advanced, complex and latest issues to plan, control, and to measure the efficiency. To solve these challenges, cost accounting provides appropriate information to the management to cost products and services and for planning and control. Increasingly, cost accountants are responsible for making decisions instead of simply being data providers. It is a managerial tool used for business strategy and implementation. This course contents tools and methods needed to compute, interpret, and analyze cost information for decision making of a manufacturing organization where complex, latest and advanced issues are involved. Particularly this course will concentrate to reconcile the cost and financial profit, process accounts, job and batch costing, standard costing, contract costing and cost audit.
This course will facilitate to develop the ideas of management accountant, manager and individuals which are required to apply in the effective decision making of financial information to the managerial perspective where complex decision is required by the management using management statement.
This course emphasizes the needs of management accounting information in decision making process. Manager depends on the accounting information to take decision so that management accountant should be always ready to provide manager’s required information. In this course, the learner will be able to produce and provide such kind of management accounting information after completion the management accounting course. Very clearly, it includes concepts of management accounting, CVP analysis, mixed cost analysis, absorption and variable costing, budget and master budget, relevant costing, segment reporting, transfer pricing, ROI, ABC costing and standard costing for efficiency measurement etc.
bank management to be addressed include growth strategy management, risk and capital management, asset and liability management, and performance measurement and management. The course aims to provide you with a holistic macro view of the finance and banking sector, especially how the environment might be shaped and influenced by government and regulatory agencies' policies and regulations and foundation knowledge in bank management.