The course reviews the following main issues:
- Introduction to management accounting
- Basic cost management concepts
- Cost assignment
- Cost of goods sold and inventories cost allocation
- Cost-volume-profit analysis
- Financial planning and analysis: The budgeting process.
The aim of this course is to explain the principles involved in designing and evaluation of the management and cost accounting systems. It explains how management accounting systems accumulate, classify, summarize and report information that will assist employees within an organization in their decision-making, planning, control and performance measurement activities.
The teaching methods include formal lectures and practical exercises. The lectures will provide the theoretical foundations and the main concepts of accounting that will be applied to case discussions and exercises.
Attendance is highly recommended.
- homework presentation (30%)
- closed books written exam (70%).