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    Manac

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    Mark Anthony Manarang
    This course provides an introduction to management accounting concepts and techniques. The course objectives are to give students an understanding of management accounting and how it enhances managerial decision making. It will cover topics such as cost behavior, budgeting, variance analysis, management control systems, capital budgeting, cost allocation, and job costing/process costing systems. The course is at an intermediate level and assumes students have a basic knowledge of accounting principles. It will involve exercises using spreadsheet software. Upon completing the course, students should be able to define and apply key management accounting concepts and use relevant information to make operational and pricing decisions.

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    Manac

    Uploaded by

    Mark Anthony Manarang
    90 views3 pages
    This course provides an introduction to management accounting concepts and techniques. The course objectives are to give students an understanding of management accounting and how it enhances managerial decision making. It will cover topics such as cost behavior, budgeting, variance analysis, management control systems, capital budgeting, cost allocation, and job costing/process costing systems. The course is at an intermediate level and assumes students have a basic knowledge of accounting principles. It will involve exercises using spreadsheet software. Upon completing the course, students should be able to define and apply key management accounting concepts and use relevant information to make operational and pricing decisions.

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    This course provides an introduction to management accounting concepts and techniques. The course objectives are to give students an understanding of management accounting and how it enhances managerial decision making. It will cover topics such as cost behavior, budgeting, variance analysis, management control systems, capital budgeting, cost allocation, and job costing/process costing systems. The course is at an intermediate level and assumes students have a basic knowledge of accounting principles. It will involve exercises using spreadsheet software. Upon completing the course, students should be able to define and apply key management accounting concepts and use relevant information to make operational and pricing decisions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    90 views3 pages

    Manac

    Uploaded by

    Mark Anthony Manarang
    This course provides an introduction to management accounting concepts and techniques. The course objectives are to give students an understanding of management accounting and how it enhances managerial decision making. It will cover topics such as cost behavior, budgeting, variance analysis, management control systems, capital budgeting, cost allocation, and job costing/process costing systems. The course is at an intermediate level and assumes students have a basic knowledge of accounting principles. It will involve exercises using spreadsheet software. Upon completing the course, students should be able to define and apply key management accounting concepts and use relevant information to make operational and pricing decisions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Course Description

    Management Accounting is an essential tool that enhances a manager's ability to make effective
    economic decisions. The course objective is to give students a good understanding about the concepts
    and techniques of management accounting. These issues will be explained against the background of a
    fast changing global market.

    The course covers 4 topics.

    1: After an introduction, we will first focus on the interaction of Management Accounting and the
    business process. "Cost behavior", "Cost Management Systems" and "Decision Making" are the key
    issues.

    2: In the second part, we will use accounting techniques for Planning and Control. "Budgeting",
    "Variance Analysis" and "Management Control System" will be discussed.

    3: Part 3: Capital Budgeting, a technique to evaluate projects having cash flows at different moments in
    time.

    4: The last part will be about Product Costing. Here the keywords are: "Cost Allocation", "Overheads"
    and "Job-Costing and Process-Costing Systems"

    Course Prerequisites

    Course level is intermediate. Students should know basic principles of accounting.

    Important: students should be able to make exercises using a standard spread sheet program
    (Calc/Excel). Please upgrade your skills if you are not used to work with spread sheets; good knowledge
    of this kind of software tools is essential to make well-organized calculations in an effective way.

    Learning Objectives

    After successfully finalizing this course, students should be able to:

    Define managerial accounting;

    Have a clear view on business ethics, especially ethics related to accounting;

    Define cost drivers an calculate cost behaviour;

    Use cost-volume-profit analysis in decision taking;

    Set-up and use Activity-Based Costing;

    Decide when information is relevant;

    Use relevant information for decision making, both for pricing and operational

    decisions;

    Describe the benefits of budgets;

    Set-up and use a master budget;


    Set-up and use flexible budgets;

    Execute variance analysis;

    Understand, define, and implement management control systems and

    responsibility accounting;

    Discuss and comment on management control systems in a decentralized

    organization;

    Analyse projects using discounted cash flow approach;

    Set-up and use a scheme of cost allocation;

    Set-up and use accounting for overhead costs;

    Implement job-costing and process-costing systems.

    Course Schedule (overview)

    Week 1: Chapter 1: Managerial Accounting, the Business Organization and

    Professional Ethics

    Week 2: Chapter 2: Introduction to Cost Behavior and Cost-Volume relationships

    Week 3: Chapter 3: Measurement of Cost Behavior

    Week 4: Chapter 4: Cost Management Systems and Activity-Based Costing

    Week 5: Chapter 5: Relevant Information for Decision Making with a Focus on

    Pricing Decisions

    Week 6: Chapter 6: Relevant Information for Decision Making with a Focus on

    Operational Decisions

    Week 7: Mid-term exam

    Week 8: Chapter 7: Introduction to Budgets and Preparing the Master Budget

    Week 9: Chapter 8: Flexible Budgets and Variance Analysis

    Week 10: Chapter 9: Management Control Systems and Responsibility Accounting

    Week 11: Chapter 10: Management Control in Decentralized Organizations

    Week 12: Chapter 11: Capital Budgeting

    Week 13: Chapter 12: Cost Allocation


    Week 14: Chapter 13: Accounting for Overhead Costs

    Week 15: Final exam

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