COST AND MANAGEMENT ACCOUNTING | Makerere University Courses

Course Code:

MBS 8101

Course Credit Units:

Semester:

Semester 1

Year of Study:

Year 1

Undergraduate or Graduate Level:

Graduate Level

College:

College of Business and Management Sciences

School:

School of Business

Department:

Accounting and Finance

Course Discipline:

accounting

Course Description & Objectives:

The objectives of this course are to expose participants to principles involved in designing and evaluating of cost and management information system. Management accounting system accumulates, classify, summarize and report information that will assist employees in decision making, planning and performance measurement. A cost accounting system is concerned with accumulating costs for inventory valuation to meet external financial accounting and internal profit measurement requirements.

Learning Outcomes:

At the end of this course students should be able to :

To gain an understanding of costing concepts and their application in the design, implementation and operation o f costing systems.
To develop knowledge and understanding of how to prepare and process basic cost and quantitative information in a variety of business contexts.
Explain the nature and purpose of cost and management accounting.
Describe costs by classification, behavior and purpose.
Calculate record and report information necessary for effective cost management.
Apply cost management techniques which achieve the strategic objectives of the business.

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