- 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 the basic principles of cost allocation and recognise the most important cost concepts.
- Students are able to prepare and use cost allocation document for a small company (in a simplified form), know how the documents are prepared, the types and sources of data.
- Students are able to list basic differences between the two costing systems. They are able to solve practical cases using Excel sheets.
- Students know how these costing systems are performed in firms, may solve simple cases involved knowledge of the method.
- Students are able to apply appropriate techniques to support short-term decisions.
- Students are able to explain budgeting system used at the firm. They are able to calculate simple sales, production and cash budgets.
- Students are able to apply basic sensitivity analysis to budgeting and short-term decision-making
- Topic 1. Management accounting: an overview. Research and practice subject field.
- Topic 2. Cost concepts and costs allocation
- Topic 3. Job-Order costing and Process costing
- Topic 4. Direct costing, Full costing and ABC
- Topic 5. Normative costing and Budgeting as an organizational control tool
- In-class testsOpen book, individual, in-class. Distributed via LMS at seminars (5 tests in total, each worth 4%).
- PresentationIndividual 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)0.5 * Final exam + 0.1 * In-class tests + 0.3 * Midterm test + 0.1 * Presentation
- Agrawal, N.K. Principles of management accounting [Электронный ресурс] / N.K.Agrawal; БД Ebrary. - Asian BNooks PVT LTD, 2010. – 467 р. - Print ISBN 9788184121131
- 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