This course teaches the students the use of accounting information for decision making. Based upon theory, case studies and practical tools/methods the students learn various costing methods, such as ABC costing. Students learn the importance of decision making procedures, managemnt accounting theory and tools. They also practice the break even analysis, budgeting and pricing methods.
Course Content (Syllabus)
Financial and management accounting. Cost classifications: Variable and fixed cost. Cost-volume-profit relations. Variable and full costing. Activity based costing. Target costing. Pricing. Segment reporting and transfer prices. Profitability analysis and profit wheels. Balanced scorecard. Residual income and Economic Value Added.
Variable costing, activity based costing, transfer pricing, balanced scorecard, economic value added.
Additional bibliography for study
R. Garrison – E. Noreen : Managerial Accounting, 14th Edition, McGraw Hill.
MANAGEMENT ACCOUNTING RESEARCH (ACADEMIC JOURNAL), ELSEVIER
JOURNAL OF ACCOUNTING AND ORGANIZATIONAL CHANGE (ACADEMIC JOURNAL), EMERALD