Programmes

BACHELOR OF SCIENCE IN SOFTWARE ENGINEERING

MGTE 12043

ACCOUNTING CONCEPTS AND COSTING

Status : Core Pre-requisite : G.C.E. (A/L) Co-requisite : None

 

On completion of this course, the student should be able to:

  • Demonstrate an understanding of the principles of financial and managerial accounting
  • Record economic transactions and develop the key financial statements for the enterprise
  • Reconcile a bank statement
  • Identify and estimate the cost components for a product or service.

Concepts of financial accounting, Practice of book keeping including books of Prime Entry, Ledgers and Trial Balance, Preparation of Trading Profit & Loss and Balance Sheet, Cash Flow Statement, Bank Reconciliation, Use of accounting information for managerial decision-making in planning and control, including cost classification; estimation and analysis; job-order, variable, and activity-based costing.

Lectures, case discussions and presentations.

In-class assignments, tutorials, mid/end of semester examination, group assignments and presentations.

  1. Williams, J, Haka, S, Bettner, M and Carcello, J (2011). Financial Accounting. McGrawHill/Irwin
  2. Hilton, R W (2011).Managerial Accounting: Creating Value in a Dynamic Business Environment. McGraw-Hill/Irwin.

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