Course Title: Managerial Accounting I

Course Code: AC 211
Credit Value: 3 Credits

Contact Hours:

• Lectures: 3 hours per week

• Tutorials/Practical Sessions: 1 hour per week

Duration: 15 Weeks (One Semester)
Prerequisite: Principles of Accounting II
Primary Tools: Costing worksheets, budgeting templates, and spreadsheets (Microsoft Excel or equivalent)

1. COURSE DESCRIPTION

Managerial Accounting I introduces students to the use of accounting information for internal planning, decision-making, and management control. Unlike financial accounting, which focuses primarily on external financial reporting, managerial accounting provides information that supports managers in planning operations, controlling costs, and evaluating organisational performance.

The course examines cost behaviour, cost classification, budgeting, cost-volume-profit analysis, and performance measurement. Students develop practical skills in analysing accounting information to support managerial decisions in manufacturing, service, and public sector organisations. Emphasis is placed on analytical reasoning, problem-solving, and the practical application of managerial accounting techniques within both local and resource-constrained business environments.

2. COURSE OBJECTIVES

By the end of this course, students should be able to:

1. Distinguish between financial accounting and managerial accounting.

2. Classify and analyse costs for planning and decision-making purposes.

3. Prepare and interpret operating and financial budgets.

4. Apply cost-volume-profit analysis to managerial decision-making.

5. Use costing information to support organisational planning and control.

6. Apply managerial accounting information to support strategic and operational decisions.

3. LEARNING OUTCOMES

Upon successful completion of this course, students will be able to:

1. Identify and classify costs according to their behaviour, function, and relevance.

2. Prepare basic cost statements and reports for managerial use.

3. Apply break-even analysis and contribution margin techniques to business decisions.

4. Prepare operating, cash, and other functional budgets.

5. Analyse variances between budgeted and actual performance and recommend appropriate corrective actions.

6. Use managerial accounting information to support effective planning, control, and decision-making within organisations.