About this Course
Course Description
This course covers four major areas: financial accounting (financial reporting), cost accounting, managerial accounting and capital budgeting. The understanding and applications of financial reporting concepts and principles enable the students to prepare, interpret and analyze basic financial statements such as income statement, balance sheet and the cash flow statement. Costing principles deal with basic cost components such as materials, labour, overhead and other indirect costs that make up the total costs for manufacturing, distributing and selling of products. Through the principles of managerial accounting, students learn about profitability planning and analysis in the forms of budgetary control, working capital management, investment analysis, sources of finance, profit planning & control and Just-in-Time (JIT) Philosophy. Lastly, the principles of capital budgeting focus on specific analysis such as investment analysis, financing options, time value of money and other decision-making tools.
Course Learning Outcomes
1 ) Synthesize and apply accounting and finance knowledge into engineering projects and decision makings.
2 ) Select and choose the best financing and investment options based on their analysis of relevant management accounting principles.
3 ) Plan, prepare and control financial and product costs through strategic budgetary control system which include sales, production and cash budgets and the profitability forecasts.
4 ) Prepare, interpret, analyze and maintain basic financial statements such as the income statement, the balance sheet and the cash flow statement.
Course Details
STATUS : Open DURATION : FLEXIBLE EFFORT : 40 hours per course MODE : 100% Online COURSE LEVEL : Intermediate LANGUAGE : English CLUSTER : Science & Technology ( ST )
