- To learn how to apply certain concepts and principles within management accounting.
- To learn how to use concepts and principles to make decisions from the point of view of the manager of a firm.
- To understand how concepts and principles relate to the broader activities of the firm.
- Students are able to understand why costing is so important part of accounting and decision making and what it is used for. It introduces candidates to the basic divisions of costing and how to apply them in the costing methods and techniques organisations use.
- Students could define basic principles of budgeting and budgetary control that enables and shapes how organisations create and preserve value.
- Students are able to prepare and use budgets for a small company (in a simplified form), know how the budgets are prepared, the types and sources of data.
- Students are able to list basic social reports and name basic components of it. They are able to read the reports.
- Students know how to identify and take business advantage in the short term through effective decision-making based on accounting reports.
- Students are able to apply appropriate techniques to support short-term decisions.
- Students are able to explain nature of risk and uncertainty in short term
- Students are able to apply basic sensitivity analysis to budgeting and short-term decision-making
- Topic 2. Budgeting and budgetary control.
- Topic 1. Cost accounting for decision and control
- Topic 3. Social reporting
- Topic 4. Short-term commercial decision-making
- Topic 5. Risk and uncertainty in the short term
- In-class participationIndividual, in-class.
- Active in-class workIndividual or in a group of two students, in-class, open book
- Midterm testIndividual, in-class (or online), open book
- Final examThe final exam will take the form of a 1.5-hour (60 min) closed book test: individual, in-class. The exam test consists of 6 equal tasks (problems) for the whole course. It is necessary to present the solution of the task, comments and explanations to the main results.
- Interim assessment (4 module)0.1 * Active in-class work + 0.5 * Final exam + 0.1 * In-class participation + 0.3 * Midterm test
- Horner, D. (2017). Accounting for Non-Accountants (Vol. Eleventh edition). London: Kogan Page. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1584661
- Corporate communication and impression management - New perspectives why companies engage in corporate social reporting. (2000). Journal of Business Ethics, 27(1–2), 55–68. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsnar&AN=edsnar.oai.pure.rug.nl.publications.f6023382.c9b1.431c.89e7.a3d39e9713dd
- Epstein, B. J., & Jermakowicz, E. K. (2007). Wiley IFRS 2007 : Interpretation and Application of International Financial Reporting Standards. Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=492804
- Lev, B., & Gu, F. (2016). The End of Accounting and the Path Forward for Investors and Managers. Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1245759
- Nugus, S. (2009). Financial Planning Using Excel : Forecasting, Planning and Budgeting Techniques (Vol. 2nd ed). Amsterdam: CIMA Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=249350