ATD 010: Fundamentals of Management Accounting
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GENERAL OBJECTIVE
This unit covers the competencies required to maintain accounts for business decisions. Competencies include: Identifying concepts used in management accounting, using appropriate techniques to estimate business costs, Accounting for different business costs, Applying costing methods in determining the costs of a product or service, preparing income statements using marginal costing and absorption costing techniques, Applying break-even analysis in business decision making and preparing budgets for management decisions making.
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STUDENTS ALSO BOUGHT
- ATD 006: Principles of Management
- ATD 007: Business Mathematics and Statistics
- ATD 008: Principles of Taxation
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Course Content
IDENTIFY CONCEPTS USED IN MANAGEMENT ACCOUNTING
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Definition of key terms
26:28 -
Role of Management Accounting in decision making
15:58 -
Users of Management Accounting Information
13:40 -
Differences between Management Accounting and Financial Accounting
16:50 -
Relationship between Cost Accounting and Management Accounting
17:58 -
Limitations of Management Accounting
11:06 -
Cost Control vs Cost Reduction
17:03 -
Selection of an ideal cost accounting system
17:08 -
Professional ethics for management accounting
16:38 -
Cost classification
15:19 -
Bases of classification
30:51
USE APPROPRIATE TECHNIQUES TO ESTIMATE BUSINESS COSTS
ACCOUNTING FOR DIFFERENT BUSINESS COSTS
APPLYING COSTING METHODS IN DETERMINING THE COST OF A PRODUCT OR SERVICE
PREPARE INCOME STATEMENTS USING MARGINAL COSTING AND ABSORPTION COSTING
APPLY BREAK-EVEN ANALYSIS IN BUSINESS DECISION MAKING
PREPARE BUDGETS FOR MANAGEMENT DECISION MAKING
REVISION QUESTIONS WITH ANSWERS
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