Faculty of Business and Management Sciences · Business Administration (English 30%) · Undergraduate
Course Objective
The aim of this course is to develop further understanding of the context, concepts and techniques of accounting in its role of providing management information for various planning, control and decision-making purposes. Students are expected to develop an awareness of the interrelationships and implications of behavioral economics and quantitative aspects and other influences upon managerial accounting activity and build up important techniques in cost and managerial accounting. The course covers specific problems of costing systems and use of accounting information for short-run and long-run managerial decisions.
Course Content
The subjects include preparation and analysis of financial statements, standard costing systems and variance analysis, performance evaluation, short-run decisions and capital expenditure decisions.
Course Learning Outcomes
- Obtain a basic understanding of managerial accounting concepts
- Conduct cost-volume-profit analyses
- Develop an understanding of the role of activity-based costing and management in decision making
- Preparation of schedules used for profit planning and analyses of budget variances
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 4 | 64 |
| Midterm | 1 | 2 | 2 |
| Quiz | 2 | 3 | 6 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 6 | 6 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to Managerial Accounting | Weygandt (Chapter 1) |
| 2 | Job Order Cost Accounting | Weygandt (Chapter 2) |
| 3 | Process Cost Accounting | Weygandt (Chapter 3) |
| 4 | Activity-Based Costing | Weygandt (Chapter 4) |
| 5 | Cost-Volume-Profit Relationships | Weygandt (Chapter 5) |
| 6 | Cost-Volume-Profit Relationships | Weygandt (Chapter 6) |
| 7 | Incremental Analysis | Weygandt (Chapter 7) |
| 8 | Midterm | |
| 9 | Pricing | Weygandt (Chapter 8) |
| 10 | Budgetary Planning | Weygandt (Chapter 9) |
| 11 | Budgetary Control and Responsibility Accounting | Weygandt (Chapter 10) |
| 12 | Standard Costs | Weygandt (Chapter 11) |
| 13 | Planning for Capital Investments | Weygandt (Chapter 12) |
| 14 | Statement Of Cash Flows | Weygandt (Chapter 13) |
| 15 | Revision-Case Study | |
| 16 | Final Exam |