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Manac

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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Mark Anthony Manarang
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172 views3 pages

Manac

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.

Uploaded by

Mark Anthony Manarang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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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