COST AND MANAGEMENT ACCOUNTING 1

Abstract

Cost and Management Accounting 1 is concerned with the application of accounting and costing principles, methods and techniques in the ascertainment of costs. Students will learn elements of costs involved in manufacturing and servicing industries, costing methods used within production activities and the procedures of controlling in business organizations. Upon completion of this course, students should be able to apply the theoretical knowledge, costing method and cost reporting in manufacturing and servicing environment. Besides that, students should be able to construct the appropriate costing methods to ascertain cost and reporting purposes in manufacturing and servicing environment. In addition, students should be able to discuss the theoretical knowledge of cost accounting and element of costs in manufacturing and servicing environment upon completion of this course.