Managerial accounting provides key data to managers for planning and controlling, costing products, services, even customers. This course focuses on how managerial and cost accounting helps managers make better decisions, as cost accountants are increasingly becoming integral members of their company’s decision-making teams. By focusing on concepts of the “different costs for different purposes”, analyses, uses, and procedure instead of procedures alone, we recognize cost accounting as a managerial tool for business strategy and implementation.
The course prepares students for the rewards and challenges they face in the professional cost accounting world of today and tomorrow. This course emphasizes both the development
of analytical skills such as Excel to leverage available information technology and the values and behaviours that make cost accountants effective in the workplace.
The course describes the following topics:
1. The Manager and Management Accounting
2. Cost Terms and Purposes
3. Cost–Volume–Profit Analysis
4. Job costing
5. Activity-Based Costing and Activity-Based Management
6. Master Budget and Responsibility Accounting
7. Flexible Budgets, Direct-Cost Variances, Management Control
8. Flexible Budgets, Overhead Cost Variances, and Management Control
9. Inventory Costing and Capacity Analysis
10. Determining How Costs Behave
11. Decision Making and Relevant Information
12. Pricing Decisions and Cost Management
13. Transfer Pricing and Multinational Considerations
14. Performance Measurement in Multinational Enterprises
- Teacher: Anna Białek-Jaworska