Managerial Accounting

The aim of this course is to explain the principles involved in designing and evaluation management and cost accounting systems. 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 managerial accounting that are going to be applied to case discussions and exercises. At the end of the course, students will master the techniques and main principals of management and cost accounting. Slides, readings and learning resources will be post on the e-learning platform “iCorsi3” (www3.icorsi.ch).

Students will be evaluated based on a homework solution (30%) and a close books written exam (70%).

The course reviews the following main issues:

• Introduction to Management Accounting.
• Basic Cost Management Concepts.
• Cost Assignment.
• Process Costing.
• Cost-Volume-Profit Analysis.
• Financial Planning and Analysis: The Budgeting Process.

References:

Colin Drury: Management and Cost Accounting, 10th edition, Cengage

Ronald W. Hilton, David E. Platt: Managerial Accounting Creating Value in a Dynamic Business Environment, 11th edition, Mc Graw Hill Education