Management Accounting

2026/2027

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Finance

Course type:

Compulsory course

When:

3 year, 2 module

Instructor

Volkova, Olga N.

Course Syllabus

Abstract

Studying the course "Management accounting" provides a level of training of future economists and managers in the field of substantiation of intra-company management decisions that meets modern requirements. As part of the discipline will be studied: the basics of setting and maintaining accounting management accounting in commercial organizations; methods of reflecting information about costs and prime cost in the current accounting management accounting; methods of operational planning, control and accounting; methods of financial calculations and estimates of costs, prime cost, standards, budgets, budget deviations, break-even levels; methods of collecting, processing and presenting information in the decision-making system in commercial organizations; composition of internal accounting and management reporting. Will be formed: ability to read and use the information presented in the main forms of financial and accounting and management reporting; the ability to use in specific business situations the principles of choosing methods for estimating costs and costs, methods of operational financial planning and control, the ability to apply accounting and financial information to develop management decisions in organizations.

Learning Objectives

• Explain the nature, source and purpose of management information.
• Explain and use data analysis and statistical techniques for decision making.
• Compare actual costs with standard costs and analyse any variances.
• Explain and apply cost accounting techniques.
• Prepare budgets for planning and control.
• Understand the main purpose of the following management options: activity based management, management by exception, sustainable management.
• Explain and apply performance measurements and monitor business performance.

Expected Learning Outcomes

• Explain the nature, source and purpose of management information.
• Explain and use data analysis and statistical techniques for decision making.
• Explain and apply cost accounting techniques.
• Compare actual costs with standard costs and analyse any variances.
• Prepare budgets for planning and control.
• Understand the main purpose of the following management options: activity based management, management by exception, sustainable management.
• Explain and apply performance measurements and monitor business performance.

Course Contents

• Management accounting: an overview and functions
• Data analysis and statistical techniques.
• Cost accounting techniques.
• Budgeting.
• Performance measurement.

Assessment Elements

• Final Exam
• Business Case
  Small groups, home-prepared, open book
• In-class Test
  Can be performed as online Smart LMS test or printed paper test in the class.

Interim Assessment

• 2026/2027 2nd module
  0.3 * In-class Test + 0.5 * Final Exam + 0.2 * Business Case

Bibliography

Recommended Core Bibliography

• Advanced management accounting : CIMA 2019 professional examinations: management level, , 2020
• Advanced management accounting : CIMA: study text, , 2020
• Agrawal, N.K. Principles of management accounting [Электронный ресурс] / N.K.Agrawal; БД Ebrary. - Asian BNooks PVT LTD, 2010. – 467 р. - Print ISBN 9788184121131
• Atkinson, A. A., & Mukherjee, A. K. (2012). Management Accounting:Information for Decision-Making and Strategy Execution (Vol. 6th ed., International ed. international edition contributions by Abhik Kr. Mukherjee). Boston [Mass.]: Pearson Education. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418004
• Burney, L. L., & Malina, M. A. (2019). Advances in Management Accounting (Vol. First edition). Bingley, U.K.: Emerald Publishing Limited. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2012180
• Stephen Hansen. (2011). A Theoretical Analysis of the Impact of Adopting Rolling Budgets, Activity-Based Budgeting and Beyond Budgeting. European Accounting Review, (2), 289. https://doi.org/10.1080/09638180.2010.496260

Recommended Additional Bibliography

• CIMA : case study: management level: study text, , 2020
• CIMA : subject BA2: fundamentals of management accounting: study text, , 2021
• Fundamentals of Management Accounting. Subject BA2. CIMA official exam practice kit, , 2019
• Fundamentals of Management Accounting. Subject BA2. CIMA official study text, , 2019

Authors

• Soloveva Ekaterina Evgenevna
• Churakova Iiia Iurevna