Management Accounting

The subjects of this course are selected from the following list in function of the backgrounds of the participating students:

Subjects

1. Management accounting: information that creates value٭
2. The organisation as a system of activities
3. Cost concepts٭
4. Cost behaviour٭
5. Basic product costing systems
6. Two-stage allocations and activity based costing
7. Pricing and product-mix decisions٭
8. Process and activity decisions
9. Budgeting: resource allocation to achieve organisation objectives
10. Capital budgeting
11. Planning and control٭
12. Financial control٭
13. Balanced score card٭

The course is conceived as a reading-course. During classes exercises in problem-solving are emphasised. At the end of the course open-book examinations are held.

٭ Core subjects

Study materials

Anthony a. Atkinson, Rajiv D.Banker, Robert S. Kaplan, S. Mark Young; Management Accounting, 4^thed., Prentice Hall

Assessment details

At the beginning of the course student are given a group assignment relating to one of the core subjects listed above. Each sub-group presents the resulting paper to the full group. This assignment accounts for 50% of the final marks. The final assessment consists of a written “openbook” examination, which also accounts for 50% of the total marks.
This course exposes the student to modern concepts of the management decision processes, introducing management accounting as atechnique for information gathering.