Buy ACCT 5002
Managerial Accounting & Decision Making Assignments
This unit provides an introduction into the processes and context of managerial accounting. It seeks to develop a resource-based perspective of creating value for stakeholders, by imparting financial and non-financial knowledge. The unit fosters crucial business skills such as ethical behavior in tough circumstances, time management, teamwork, following instructions, problem solving, and influential communication in the areas of business performance, cost accounting, and strategic management accounting.
Students engage in ‘business practicals’ every week to develop real experience and skills in tackling organizational and management accounting problems. The focus is on managerial accountants and the role they play in entrenching organizational awareness of how valuable organizational resources are. This helps students understand managerial accounting decisions with respect to recognition, enhancement, allocation, leveraging, installation, performance, development, and value of resources and its impact on an organization over time.
The unit concludes with a capstone case study, as a way of ensuring students consolidate what they have learnt in terms of recognizing and solving operational and strategic problems in organisations, especially regarding legal regulations, innovation, and competition.
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