Managerial Accounting Diploma KNEC Notes and KNEC Syllabus

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Introduction to the Module Unit

Employee Relations is a unit offered to diploma students in business related courses to equip them with the right attitudes, knowledge and skills to analyse and interpret cost data for the purpose of organisational decision making.

General Objectives

By the end of this module unit, the learner should be able to:

  • Carry out estimating and forecasting costs using various methods
  • Recognize the role of managerial accounting in decision making
  • Carry out step-by-step process in solving decision making problems
  • Carry out performance evaluation for a business
  • Prepare a budget in a business

Topics/Course Outline Required by KNEC

Topic 1: Nature and Scope of Managerial Accounting

1.1. Definition of managerial accounting

1.2. The role of managerial accounting in production, marketing and finance

1.3. Differences between managerial accounting and financial accounting

Topic 2: Decision Trees

2.1. Definition of decision threes

2.2. The structure of decision trees

2.3. Use of decision trees

Topic 3: Cost Estimation

3.1. Definition of cost estimation

3.2. Cost Estimation Methods

Topic 4: Cost-Volume-Profit Analysis (C-V-P)

4.1. Definition of Cost-Volume-Profit Analysis

4.2. Terms used in cost profit volume profit

4.3. Assumptions of Cost-Volume-Profit Analysis

4.4. Limitations of Cost-Volume-Profit Analysis

4.5. Break-Even-Analysis

4.6. Calculation of break-even-analysis

Topic 5: Marginal Costing

5.1. Definition of marginal costing

5.2. Key Factor

5.3. Decision-making using marginal costing

Topic 6: Capital Expenditure Decisions

6.1. Nature of capital expenditure decisions

6.2. Non-discounting cash flow techniques

6.3. Time value of money concept

6.4. Discounting cash flow methods

6.5. Benefits and limitations of each technique

Topic 7: Transportation Techniques

7.1. Nature of transportation techniques

7.2. Requirements for application of transportation techniques

7.3. Transportation techniques

Topic 8: Assignment Techniques

8.1. Nature of Assignment Techniques

8.2. Requirements for application of Assignment Techniques

8.3. Assignment techniques for minimizing and maximizing problems

Topic 9: Queuing

9.1. Definition of a queue

9.2. Elements of a queue

9.3. Terms used in queuing Theory

9.4. Application of queuing Theory

Topic 10: Performance Evaluation

10.1. Definition of performance evaluation

10.2. Need for performance evaluation

10.3. Techniques for performance evaluation

Topic 11: Budgeting and Budgetary Control

11.1. Definition of Budgeting and budgetary control

11.2. Preparation of functional budgets

11.3. Preparation of master budget

Topic 12: Emerging Trends and Issues in Managerial Accounting

12.1. Emerging trends and issues in managerial accounting

12.2. Challenges posed by emerging issues and trends in managerial accounting

12.3. Ways of coping with emerging trends and issues in managerial accounting

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