About Course
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 Content
Module 1
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Chapter 1 Control Systems, Cost Management Concepts and Cost Behavior.
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Chapter 2 Traditional and Activity-Based Cost Management Systems
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Chapter 3 Organizational Design, Responsibility Centers, and Financial Control