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.



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

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  


Text Book

Suggested Readings:  

End-of-course Feedback


End-of-course Feedback:  
Please give us your feedback about the course. Near the end of the course, you should be receiving an email from the Evaluations Office of ACT to be filled by you.  Please fill the form and return to the evaluation office on time.   

Review Activity:  
At the end of each lesson, please write down in your own words what you consider to be the most important point of the lesson. (one sentence)  
Discuss the review in class