CourseSL705

Week1 of 16

SemesterI

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This week’s topics

Cost accounting concepts and financial strategy

Introduction to financial and managerial accounting, its purposes and financial strategy formulation
Cost classifications in terms of object, function, product/service and behaviour
Opportunity cost; recording and analysing costs

What you will be able to do

1.1 Critically analyse the concepts, features and importance of cost accounting in an organisation.

Study materials

The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.

Week 2

Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan

Week 1: Cost accounting concepts and financial strategy
Week 2: Costing systems and costing methods
Week 3: Improving costing and pricing systems
Week 4: Financial statements and the financial position of an organ…
Week 5: Financial ratio analysis for organisational decisions
Week 6: Financial analysis and the strategic portfolio
Week 7: Budget types and budgetary targets
Week 8: Midterm evaluation
Week 9: Developing a master budget
Week 10: Budget monitoring and evaluation
Week 11: Working capital needs and sources of funds
Week 12: Justifying sources of funds by cost and risk
Week 13: Investment appraisal methods for competing projects
Week 14: Strategic investment decisions using financial information
Week 15: Review and coursework completion
Week 16: Final evaluation and project assessment

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