Financial and Managerial Accounting

Singapore University of Social Sciences

Financial and Managerial Accounting (ACC202)

Applications Open: 01 October 2024

Applications Close: 15 November 2024

Next Available Intake: January 2025

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1551 View More Details on Fees

Area of Interest: Business Administration

Schemes: Alumni Continuing Education (ACE)

Funding: To be confirmed

School/Department: School of Business

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Synopsis

ACC202 Financial and Managerial Accounting is an introductory course in financial and managerial accounting. It provides an understanding of fundamental concepts used in accounting and their role in business. Students will learn the basic knowledge and skills to analyse and apply accounting information to support decision making.

Level: 2
Credit Units: 5
Presentation Pattern: EVERY REGULAR SEMESTER

Topics

Concepts and principles of accounting
The anatomy of financial statements
Recording financial transactions
Accounting treatment for accruals
Financial statement analysis
Financial ratio analysis
Role of Managerial Accounting
Basic cost concepts
Cost-Volume-Profit (CVP) analysis
Relevant costs for managerial decisions
Budgeting and planning
Flexible budgets and variance analysis

Learning Outcome

Describe the contents of general purpose financial statements.
Explain how common transactions affect different accounts and how accrual accounting affect the accounting treatments of prepayments and accruals, inventories, receivables and non-current assets.
Analyse financial ratios to provide insights about a company.
Categorise costs for different purposes and compute the cost of goods sold for a manufacturing company.
Apply cost-volume-profit analysis.
Use relevant costs to evaluate managerial decisions.
Present a master budget.
Employ a flexible budget to analyse revenue and spending variances.