COST-BASED MANAGEMENT AND DECISION MAKING

Course Description

This course will provide students with practical knowledge of cost and managerial accounting systems. These systems are used by organization to analyze their product costs and internal cost structures, and provide other pertinent information used in management decision making. This course will cover fundamentals of cost management, service department and joint cost allocation, performance measurement to support business strategy, business unit performance measurement, transfer pricing, fundamentals of variance analysis, master budget flexible budget; absorption and variable costing; short and long-term costing decisions, break even analysis and volume analysis; and capacity management. The pre-requisite for this course is the core course in cost accounting titled “ACC 503 Cost Accounting”.

COST-BASED MANAGEMENT AND DECISION MAKING

Evaluation Tools (Active Term)

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Course outcomes

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Course Syllabus

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Reference Books & Course Materials

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Learning Outcomes

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Program Outcomes

1. P01 PO1 Been able to demonstrate their learned skills and knowledge regarding business related issues and research which they can use continuously in their personal and business life.
2. P02 PO2 Obtained theoretical and practical information from the courses that allowed students to learn and work independently.
3. P03 PO3 Been ensured that they learnt by increasing their level of knowledge and skills which are necessary in their field.
4. P04 PO4 Increased their creativity and analytical thinking and developed crucial skills which are needed to be applied both in their studies, research, and future careers.
5. P05 PO5 Adopted and implemented ethical principles and moral values regarding the use of technology in their studies and professional lives by creating an awareness on using the technological imperatives.
6. P06 PO6 Designed their theoretical and practical knowledge in a way that they could make use of in a collaborative usage and various working contexts.
7. P07 PO7 Enrolled in intercultural or international projects which could provide opportunities to develop their skills and implement them successfully in their studies, research and future careers.
8. P08 PO8 Improved their communication skills successfully and been able to implement them in various international education, research and work context by increasing their social capital.
9. P09 PO9 Been able to implement their learnt knowledge and research skills into practice through scenarios, case studies, empirical articles and real-life observations.
10. P10 PO10 Created awareness and developed ethical undertaking by incorporating the learnt theories with environmental approaches to be further implemented into their research and careers.

Po-Lo Matrix

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