Management Accounting for Business Decisions

General information

Type:	OPT	Curs:	1	Period:	S semester
ECTS Credits:	3 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Year 1	Santiago Simón del Burgo	Economía, Finanzas y Contabilidad	ENG

Course Learning Objectives

Management Accounting is concerned with providing both financial and non financial information that will help decision-makers to make good decisions. It requires an understanding of the decision-making process and an awareness of the uses of accounting information. The aim of the course if to provide a framework to the theory and practice of management accounting and emphasize its role in making business decisions. After completion of this course, participants will have a thorough understanding of the role and function of cost and management accounting in achieving the objectives of an organisation and will know how to generate, analyse, interpret and communicate financial information for managerial purposes as well as for the needs of outside stakeholders

CONTENT

1. Introduction to Management Accounting. Differences between management accounting and financial accounting information.
2. Cost Management concepts and cost behavior
3. Cost-volum-profit analysis
4. Measuring relevant cost and revenues for decision making
5. Pricing decisions and profitability analysis
6. Activity-Based costing
7. The budgeting process
8. Standard costing and variances analysis

1. Introduction to Management Accounting. Differences between management accounting and financial accounting information.

2. Cost Management concepts and cost behavior

3. Cost-volum-profit analysis

4. Measuring relevant cost and revenues for decision making

5. Pricing decisions and profitability analysis

6. Activity-Based costing

7. The budgeting process

8. Standard costing and variances analysis

Relation between Activities and Contents

	1	2	3	4	5	6	7	8
Final Exam
Class participation
Assignments and case studies

Methodology

There will be 8 class sessions and a final session when the final exam will take place. The course combines classes based on lectures from the teacher and practical classes where we will work with practical cases. Announcements, class material and general course information will be distributed through the intranet.

Description	%
Final Exam	50
Class participation	10
Assignments and case studies	40

Assessment criteria

the course grade will comprise:
- Active participation: 10%
- Assignments and case studies: 40%
- Final Exam: 50%. The student should pass the exam in order to pass the course

Important clarifications:

1. To pass the course, a minimum grade of 5 is required to obtain on both the final exam and the average (using the weights above). The grading criteria could be summarized as follows. If the final exam grade and the average are both above 5, then the final grade is the average. The final grade is the minimum between the final exam grade and the average otherwise.

2. In case a retake exam is needed, the grade will be 100% determined by the retake exam grade.

Bibliography

The relevant textbooks will be:

Drury, C. Management Accounting for Business. Fifth Edition. Andover (UK): Cengage Learning, cop. 2013
Drury, C. Management and cost accounting. London : Cengage Learning, cop. 2008
Atkinson, A.; Kaplan, R.; Matsumura, E. and Young, S., Management Accounting. Fifth Edition. Pearson International Edition.

Additional materials and cases will be given in the moodle.

Timetable and sections

Group	Teacher	Department
Year 1	Santiago Simón del Burgo	Economía, Finanzas y Contabilidad

Timetable Year 1

From 2024/5/2 to 2024/6/6:
Monday and Thursday from 11:30 to 13:00. (Except: 2024/5/6, 2024/5/13 and 2024/5/20)
Each Thursday from 13:15 to 14:45.

From 2024/5/27 to 2024/6/13:
Each Monday from 13:15 to 14:45. (Except: 2024/6/10)
Each Thursday from 11:30 to 14:45. (Except: 2024/5/30 and 2024/6/6)

Management Accounting for Business Decisions (2235.YR.006165.1)