ACC507 Advanced Managerial Accounting

Managerial accounting furnishes management with the necessary accounting tools for planning and controlling activities and making many business decisions. This course looks at management accounting from a strategic perspective - specifically, the collection, presentation and analysis of cost data to help management deal with strategic, tactical and operating issues and decision-making. By focusing on concepts, analyses, uses and procedures instead of procedures alone, the course shows the strategic role of managerial accounting as a tool for business strategy, implementation and performance evaluation. The role of the accountant as both data provider and decision-maker is considered. Permission of director.