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THE UNIVERSITY OF THE WEST INDIES
CAVE HILL CAMPUS
COURSE OUTLINE
ITEM
DESCRIPTION
Course Title
Management Accounting I
Course Code
ACCT 2017
Academic Units to offer Course
Department of Management Studies
Level
1
Semester
1
Course Credit Load
3
Course Prerequisite
ACCT1003
Course Co-requisite
None
Course Post-requisite
None
Course Anti-requisite
None
Course Description
This is an intermediate course in cost and management
accounting for students pursing accounting and management
related disciplines. It aims to develop in students the requisite
skills and attitudes that are useful to the manager in planning,
decision-making and controlling organizational activities. This
course is intended to further develop students through an
exposure to cost and managerial accounting emphasizing three
major themes: (i) Costing systems; (ii) planning and control and
(iii) application of cost information. The topics covered in this
course will include the following: job costing; process costing,
activity-based costing, service cost allocation and some joint cost
methods; absorption costing and direct costing; aspects of cost
behaviour; decision making under certainty; break even analysis;
cost accounting and elementary statistical analysis; budgeting;
standard costing; cost estimation and regression analysis.
To effectively manage entities in our dynamic environment
internal users, require knowledge, skills and appropriate attitudes
to plan, coordinate, control and make good decisions. In the
Caribbean in order to be competitive, entities need to be
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THE UNIVERSITY OF THE WEST INDIES
CAVE HILL CAMPUS
COURSE OUTLINE
Course Rationale
proactive and focus on information that will provide them with a
competitive advantage. The traditional focus on only financial
accounting, which is historical in nature, will not enable entities
to gain any significant competitive advantage. Cost and
management accounting will provide several entities with the
catalyst for change within their organization. The primary role of
cost and management accounting is to provide management with
information to enable them to plan, control and coordinate their
activities. This intermediate course in cost and management
accounting, builds on the skills and knowledge developed in the
introductory course. This course will enable students to use the
requisite skills developed in evaluating business decisions.
Students will continue to draw on methods and techniques used
in other disciplines in their planning, controlling and decision-
making roles. This course will provide the foundation for
Strategic Cost Management & Performance Evaluation which will
be taught in the advanced management accounting course.
The content of this course aims to:
