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CAVE HILL HOME > Lifelong Learning > Courses > Postgraduate Modules > Accounting for Managerial Decision Making

Postgraduate Modules


Management Studies

Accounting for Managerial Decision Making

Overview

Business owners are faced with countless decisions on a daily basis. Managerial accounting information is a key tool used to inform these decisions. By leveraging this powerful tool, managers are able to provide a data-driven look at how to make businesses more successful and stay ahead of competitors. This course serves to equip delegates with the critical accounting skills needed to do just this. By building delegates’ accounting skills as it relates to the use of accounting information for decision making, this course will enable delegates to take advantage of career opportunities in accounting as well as other areas of management.  

​​Mode of Delivery: Face-to-Face

What will I Learn?

Upon successful completion of this course delegates will be able to:  
  • Critically discuss the role that accounting information plays in decision making;
  • Prepare and interpret managerial reports to monitor and control key expenses and revenues and to evaluate performance;
  • Critically discuss the importance of financial and non-financial information in the decision making processes of managers;
  • Prepare and analyse core financial statements;
  • Effectively use accounting reports and information in decision making;
  • Explain and use key financial management concepts;
  • Critically evaluate the financial performance of local or regional organisations within the context of the range of issues that currently inform public perceptions of corporate performance;
  • Critique current concerns about ethics in accounting and what this implies for managers in the Caribbean.

Who Should do this Course

Individuals who meet the entry requirements for postgraduate level training, including business owners, entrepreneurs, managers with no formal training in Accounting, but who want to understand the nature and environment in which financial reporting takes place, and effectively use accounting reports and information in decision making.

Important Information

  • Applicants must bring all required documentation to the Department of Management Studies, Graduate Section, for their application to be processed.
  • Individuals applying for postgraduate modules, whose native language is not English, must take tests,  to demonstrate English Language proficiency prior to registration, as identified in the Manual of Procedures re: Regulations for Graduate Diplomas and Degrees (Sec. 1, Para. 5).

At a Glance

  • Admissions Term: 2018/2019 Semester II
  • Date: Semester: 1 (September to December) OR Semester: 2 (January to May)
  • Time: Tuesdays, 5:10pm - 8pm
  • Duration: 12 weeks (36 hours)
  • Certificate Awarded: Postgraduate Professional Development Certificate of Competence
  • Course Code: ACCT 6010
  • Capacity: 10
  • Cost: BDS $2,050 (US $1,025) {with assessment} ; BDS $1,750 (US $875) {without assessment}

The following topics will be addressed:
  • The context and regulatory environment of accounting and reporting
  • Financial statements
  • Analysing Financial Statements - ratios, common size statements and comparative statement analysis
  • Cost classifications
  • Costing systems – Activity Based costing
  • Cost information for decision making – Relevant costing
  • Accounting for Marketing decisions 1
  • Cost volume profit analysis
  • Segmental profitability
  • Accounting for Marketing decisions 2
  • Budgeting
  • Operating budgets
  • Cash forecasting
  • Financial Budgets
  • Accounting for long-term decisions
  • Budgetary control and responsibility accounting
  • Standard costing
  • Balance scorecard
  • Performance management
  • Strategic management accounting

For entry into this course, applicants must have at least an undergraduate degree, or five (5) years relevant work experience. Applicants may also be asked to provide an up-to-date Curriculum Vitae.

The course will run over a 12-week period with weekly 3 hour sessions. Teaching strategies will include interactive lectures, seminar style discussions, in-class cooperative group work, case studies and projects.

Donley Carrington, PhD