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Financial Accounting, Management Accounting.
Subject to approval of the Programme Director.
For further information see Masters in Engineering Management Head of Department
ENMG601Engineering Accounting0.10 EFTSDescriptionThe purpose of this course is to provide an overview of financial and management accounting concepts and analysis of financial statements. The course is user-orientated rather than procedure-orientated.FINANCIAL ACCOUNTING• Introduction to Accounting• The reporting framework and the accounting equation• The balance sheet and the Income Statement• Current and Non-Current Assets/liabilities and owner’s equity• Understanding and differentiation between revenues, expenses, accruals and the cash flow Statement• Financial Statement AnalysisMANAGEMENT ACCOUNTING• Introduction to Management Accounting Cost Classification• Job Costing; Process Costing• Activity Based Costing; Activity Based Management• Cost Volume Profit Analysis; Pricing• Budgeting for Planning and Control• Standard Costing and Variance Analysis• Decentralisation, Multinational Corporations and Transfer Pricing; Performance MeasurementLearning OutcomesSkillsThe course objectives are to enable students to understand general purpose financial statements, appreciate their limitations, and be aware of the forces that influence their content.By the end of the course, students should be able to:- Recognise, read and use any of the common management accounting reports- Prepare, or provide the necessary information for the preparation of budgets- Cost current or proposed products, and know the contentious issues that will need to be addressedApplication The components of this course establish the accounting foundations that are used in studying economics, application in finance and the underpinnings for strategy, business analysis and planning.
Domestic fee $847.00
International Postgraduate fees
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Masters in Engineering Management .