Course description
Accounting for managers focuses on providing financial information to help managers plan, control, and make decisions within an organization. It involves analyzing budgets, cost reports, and financial statements to evaluate performance and guide strategic actions. This area of accounting equips managers with tools to assess profitability, manage expenses, and allocate resources efficiently. By understanding financial implications, managers can make informed choices that align with organizational goals. Effective accounting practices enhance decision-making and support overall business success.
What will i learn?
- Develop an awareness and understanding of the accounting process and fundamentalaccounting principles that underpin the development of financial statements.
- Able to record the business transactions in a journal and ledger for the preparation of trial balance and financial statements.
- Understand and Read the corporate financial statements with other information to assess the financial performance and position of a company.
- Apply the various methods of depreciation and inventory valution to analyze specific business issues.
- Understand and apply cost concepts and management accounting to analyze common business management decisions such as pricing a product and services.
