This module aims at equipping students with understanding and application of cost accounting aspects in the business organizations. It will therefore focus on explaining key concepts as applied in costing system of business organization; cost measurement and ascertainment; accounting for different elements of cost; costing systems, methods and techniques and comparison of cost accounting and financial accounting reporting.
This module provides the students with an understanding of the diverse roles of the management accountant in planning and decision making . Provide emphasis on performance evaluation systems. Further, this module familiarizes the students with the application of managerial accounting techniques, analytical tools and critical problem-solving skills in managerial functions. It also enables the students to adopt and develop the management performance reports and to review an organization’s progress and position.
This module enhances to the students’ practical knowledge, skills and other abilities, in understanding and applying accounting standards (IFRSs) and the theoretical framework in the preparation of financial statements of companies and other several entities.