Management accounting (18BBA30022)

General information

Type:	OP	Curs:	2,3	Period:	S semester
ECTS Credits:	2 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Ed: 1	Mar Vila Fernández-Santacruz	Economía, Finanzas y Contabilidad	ENG

Group	Teacher	Department	Language
Ed: 2	Mar Vila Fernández-Santacruz	Economía, Finanzas y Contabilidad	ENG

Participants need to be familiar with Financial Accounting concepts

Management Accounting is concerned with both financial and non financial information that will help decision-makers to make good decisions. An understanding of it requires an understanding of the decision-making process and an awareness of the uses of accounting information. The aim of the course is to provide a framework for the theory and practice of management accounting and emphasize its role in making business decisions.
At the end of the management accounting for business decision course, participants should be able to:
- Understand cost- and management-accounting terminology
- Be familiar with the logic of cost accumulation for inventory valuation and profit measurement
- Understand the relationship between costs, volume, and profit
- Use accounting information in decision making
- Be familiar with the budgeting process and its purposes for planning and control
By the end of the course, participants are expected to have acquired the management accounting fundamentals and be capable of understanding, discussing and defining the appropriate tool to make different business decisions.

1. Introduction to Management Accounting

2. Introduction to cost terms and concepts

3. Cost-volume-profit analysis and pricing decisions

4. Relevant Costs for decision making

5. Activity Based Costing

6. The budgeting process

The format of the course is based on a mix of lectures, exercises and case studies.
Lectures: to present and discuss frameworks and concepts. Guest experts will be invited to present their own experiences on the topics introduced in the lectures.
Exercises: there will be some exercises to be done in class and others to be prepared at home.
Case studies: the case method is considered to be an effective pedagogical tool to sharpen participants' analytical and decision-making skills. Moreover, the case method provides a vehicle by which to apply theories, concepts, and frameworks that are presented and discussed in class. Finally, the discussion constitutes an opportunity to defend the participant positions and to learn from others, by listening to their comments and criticisms.

Drury, C. Management Accounting for Business. Fourth Edition. Thomson.

Atkinson, A.; Kaplan, R.; Matsumura, E. and Young, S., Management Accounting. Fifth Edition. Pearson International Edition.

Group	Teacher	Department
Ed: 1	Mar Vila Fernández-Santacruz	Economía, Finanzas y Contabilidad

Group	Teacher	Department
Ed: 2	Mar Vila Fernández-Santacruz	Economía, Finanzas y Contabilidad