In this course, students are sensitized to an understanding of current cost and management accounting theory and practice. Emphasis is placed on the concepts and procedures of product costing, the tools of managerial accounting such as C-V-P analysis and budgeting, as well as, strategies that help the manager to perform the functions of planning, controlling and decision making. The course makes use of some simple mathematical concepts that should have been grasped at the primary and secondary levels. These include the basic mathematical operations, solving simple linear equations and graphing linear functions. Students are urged to revise these concepts prior to starting this course.
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This course sensitizes students to an understanding of current cost and management accounting theory and practice. Emphasis is placed on the concepts and procedures of product costing, as well as strategies that help the manager to perform the functions of planning and decision making. The course makes use of some simple mathematical concepts that should have been grasped at the primary and secondary levels. These include the basic mathematical operations, solving simple linear equations and graphing linear functions.
The course makes use of some simple mathematical concepts that should have been grasped at the primary and secondary levels. These include the basic mathematical operations, solving simple linear equations and graphing linear functions. Students are urged to revise these concepts prior to starting this course.
- Lecturer: Dwayney Paul
- Lecturer: Joan Thomas-Stone
- Course Coordinator: Nordia Lawrence
In this course, students are sensitized to an understanding of current cost and management accounting theory and practice. Emphasis is placed on the concepts and procedures of product costing, the tools of managerial accounting such as C-V-P analysis and budgeting, as well as, strategies that help the manager to perform the functions of planning, controlling and decision making.
The course makes use of some simple mathematical concepts that should have been grasped at the primary and secondary levels. These include the basic mathematical operations, solving simple linear equations and graphing linear functions. Students are urged to revise these concepts prior to starting this course.
- Tutor: Rick Williams
Providers of capital, lenders, competitors, employees among others are continually faced with making economic decisions with respect to economic entities. In so doing, many sources of information are used to make these decisions, with different levels of accuracy and precision. Research has however shown that the decision-making process can be improved by the use of analysis of financial statements. Financial statements represent the summary of or the position at a particular date of the decisions taken by an entity, expressed in monetary terms. In preparing these financial statements, the preparers use a number of assumptions, judgments and estimates, within a defined framework, but which may have the impact of providing different outcomes in the financial statements. It is therefore imperative that analysts, in using financial statements, be conversant with the underlying rules, assumptions and factors used in the preparation of the financial statements and the impact on the results that they produce.
- Lecturer: Claremont Kirton
- Lecturer: Kino Morris
- Lecturer: Kino Morris