Terms for 2017
Open DayFull list of terms
The aim of this course is to provide students with the knowledge of preparation, presentation and application of accounting information in value management at all levels of organizational management – especially when deciding about future business variants. To facilitate the process of understanding, students will solve a number of practical numerical examples and exercises. As far as more complex case studies are concerned, students will improve their skills to collect information that is relevant for decision making, to argue in favor of proposed solutions and to modify company’s information system in such a way that it will properly fulfill its role in decision-making. The course is based mainly, though not exclusively, on Garrison, Noreen and Brewer: Managerial Accounting (international edition).
What are you going to learn
Introduction to Managerial Accounting: its Purpose, Importance, and Basic Terms and Concepts - Understand why we need managerial accounting and how it differs from financial accounting. Understand the basic terms and concepts used by managercial accounting.
Cost Allocation and Calculation in relation to Volume and Profit - Understand the purpose and use of Cost-Volume-Profit and Break-Even Analysis. Understand the pros and cons of various allocation techniques.
Relevant Costs for Decision Making and Capital Budgeting Decisions - Understand the purpose and use of Cost-Volume-Profit and Break-Even Analysis. Understand the pros and cons of various allocation techniques.
Finacial Statement Analysis and Pricing Products and Services - Understand how to analyse the information contained in the financial statement to get a clearer picture of a companyś health. Understand different approaches to product pricing.
How the course is organized
Full time study
The course consists of 12 lectures and 12 workshops, each lasting 1,5 hours.
Part time study
The course consists of 4 tutorials, each lasting 3 hours.
GARRISON, R., NOREEN, E., BREWER, P.: Managerial Accounting, Mc Graw Hill, 2011.
DRURY, C.: Management Accounting for Business, Thomson, 2013.