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Syllabus of Managerial Accounting

Managerial Accounting By Dr . Mohamed Mousa Ali Lecturer of Accounting and Auditing Certified International Trainer (IBCT) Mohamed.mousa@com.usc.edu.eg. Syllabus of Managerial Accounting. Chapter 1 “ Managerial Accounting : An Overview ” The Manager and Management Accounting.

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Syllabus of Managerial Accounting

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  1. Managerial AccountingByDr . Mohamed Mousa AliLecturer of Accounting and AuditingCertified International Trainer (IBCT)Mohamed.mousa@com.usc.edu.eg

  2. Syllabus of Managerial Accounting

  3. Chapter 1“ Managerial Accounting : An Overview ”The Manager and Management Accounting Dr . Mohamed Mousa

  4. Accounting Discipline Overview • Management accounting measures, analyzes, and reports financial and nonfinancial information that helps managers make decisions to fulfill organizational goals. Management accounting need not be GAAP compliant. • Managers use management accounting information to: • Develop, communicate and implement strategies • Coordinate product design, production, and marketing decisions and evaluate a company’s performance. Dr . Mohamed Mousa

  5. Accounting Discipline Overview • Financial accounting focuses on reporting financial information to external parties such as investors, governmental agencies, banks, and suppliers, based on GAAP. • Cost Accounting measures, analyzes and reports financial and nonfinancial information related to the costs of acquiring or using resources in an organization. Dr . Mohamed Mousa

  6. Accounting Discipline Overview • Today, most accounting professionals take the perspective that cost information is part of the information collected to make management decisions; therefore the distinction between the two is not clear-cut . Dr . Mohamed Mousa

  7. Major Differences Between Management and Financial Accounting Dr . Mohamed Mousa

  8. Strategic Decisions and the Management Accountant : • Strategy specifies how an organization matches its own capabilities with the opportunities in the market place. • There are two broad strategies : cost leadership and product differentiation • Strategic cost management describes cost management that specifically focuses on strategic issues. Dr . Mohamed Mousa

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