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Accounting for Management: Concepts and ToolsCode: 20-ACCMGT
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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
CPE credit: 8 Hours
Program Level: Update
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase