Accounting for Management: Concepts and ToolsCode: 24-ACCMGT

207 Pages

A  primer  on  the  basic  theoretical  concepts  and  the  practical  procedures  of  financial  record  keeping  and  reporting, and the use of financial and cost data in managerial decision making. It provides an understanding and working knowledge of the fundamentals of financial and managerial accounting that can be put to practical application  in  day‐to‐day  jobs  of  managers.  It  also  concentrates  on  providing  a  working  vocabulary  for  communication. Topics include accounting principles and reporting trends, accounting conventions and systems, interpretation  and  analysis  of  financial  statements;  cast  flow  statement;  break‐even  analysis;  activity‐based  costing  (ABC);  responsibility  accounting;  budget  for  profit  planning;  short‐term  and  long‐term  investment decision making. A list of computer software for accounting, ABC, and budgeting is presented. 

Accounting for Management is a basic survey course specifically designed for managers and business owners.  Each accounting subject is presented in a clear and concise manner that enables a beginning learner to quickly grasp and understand  the  topic  under  discussion.  This  course  provides  students  with  their  first  practical  exposure  to  such  accounting  topics  as  fundamental  accounting  concepts  and  tools,  financial  statements,  and  managerial  use  of accounting information. The goals of the course are threefold: 

1. It provides an understanding and working knowledge of the fundamentals of financial and managerial accounting that can be put to practical application in day‐to‐day jobs of managers.

2. It also concentrates on providing a working vocabulary for communication

3. It  uses  the  solved  problems  approach,  with  emphasis  on  the  practical  application  of  accounting concepts, tools, and methodology.

Presentation Method:  QAS Self-Study

 

Category: Accounting

 

CPE credit:  8 Hours




Program Level:  Update




Prerequisites:  None




Advance Preparation:  None




Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase