• OMBA Financial and Managerial Accounting

OMBA Financial and Managerial Accounting

  • Trainers
  • Kirubel ACT |

 

This course emphasizes on gathering and use of financial information to facilitate effective management decisions. It covers financial accounting reports, user needs, and limitations of conventional statements. It also includes cost concepts and systems. It deals with financial statement analysis and techniques of analysis. Furthermore, it discusses about CVP analysis and incremental analysis.

Course Information

Objectives

 

By the end of this course students will be able to:

  • Analyze and interpreted financial statements
  • Use financial information for managerial decision making
  • Use accounting / financial information for planning and controlling
  • Use financial performance measures to measure organizational performances

Course Content

 

Chapter 1: Accounting Information for Decision Making

1.1 Role of Financial Information in Business and Society

1.2 Financial, Management  and Tax Accounting

1.3 Data Processing in Accounting

1.4 Preparing financial reports for users 

Chapter 2:   Financial Statement Analaysis

2.1. Meaning of Financial Analysis

2.2. Need for Financial Analysis

3.2. Approaches to financial analysis and interpretation 

Chapter 3: Management Accounting Information System

3.1. Definition and nature of costs

3.2. Classification of Costs

3.3. Cost accounting methods  

Chapter 4: Cost-Volume-Profit (CVP) Analysis  

4.1. Impact of Cost Behaviour in CVP analysis  

4.2. Determining Break Even Point

 4.3. CVP analysis for Multiple Products

4.3. CVP Analysis for Managerial Decisions  

Chapter 5: Relevant Information for Decision Making

5.1. Nature Relevant Information

5.2.Common Types of Incremental Analysis

5.3. Short-term Decisions  

References

Text Book

  • Williams, Haka, Bettner and Carcello, Financial and Managerial Accounting -The Basis for Business Decisions; 18th edition, Tata McGraw-Hill Edition

  • Needles, Belverd E. (2011). Financial and Managerial Accounting, 9th Edition, Southwestern CENGAGE Learning, USA
  • Warren, Carl S., et al (2016). Financial and Managerial Accounting, 13th Edition, Southwestern CENGAGE Learning, USA   

Suggested Readings:  

  • Charles T. Horngren, Gary L. Sundem and William O. Stratton, Introduction to Management Accounting, Pearson Education Inc. publishing, 13th Edition, USA
  • Edwards, James D. and Hermanson, Roger H. (2011). Accounting Principles: A Business Perspective First Global Text Edition, Volume 1, 8th Edition, Financial Accounting, Endeavour International Corporation, Houston, Texas, USA.
  • Edwards, James D. and Hermanson, Roger H. (2011). Accounting Principles: A Business Perspective First Global Text Edition, Volume 2, 8th Edition, Managerial Accounting, Endeavour International Corporation, Houston, Texas, USA.
  • Kenneth A. Merchant and Wim A. Van der Stede, Management Control Systems: Performance Measurement, Evaluation and Incentives, 2007, Pearson Education Limited, USA.
  • Peter Atrill and Eddie McLaney, (2011). Accounting and Finance for Non-Specialists, Pearson Education Limited, Edinburgh Gate Harlow, England.

Coaches

Kirubel ACT

Kirubel ACT