LEARNING OUTCOMES OF THE COURSE UNIT
The course addresses the Managerial Accounting issues of Business Companies.
Managerial Accounting facilitates planning and control decisions. Planning decisions relate to choices about acquiring and using resources to deliver products and services to people. Control decisions concern how much to delegate, as well as how to motivate, measure, evaluate, and reward performance. Throughout the course we enphasize how to use accounting information for decision making, the relevance of “human factors” and ICT, e.g. Enterprise Resources Planning. The business decision process using accounting and non-accounting information is stressed within the second module of the course, Managerial Economics, focusing on Business situations involving conflicting and cooperative interests in terms of gains and losses among opposing companies players.
COURSE CONTENTS SUMMARY
1) Information for decision making.
2) Identifying and Estimating Costs and Benefits. Cost Flows. Techniques for Estimating costs.
3) Cost-Volume-Profit Analysis.
4) Decision Making in the Short Term.
5) Budgeting and Planning Techniques.
Introduction to Managerial Accounting, 6/e,
Peter C. Brewer, Miami University, Ray H. Garrison, Brigham Young University (Emeritus), Eric W. Noreen, University of Washington (Emeritus),
Copyright year: 2013.
ASSESSMENT METHODS AND CRITERIA
Oral final exam
Tutorials with student discussions of case studies.
Lesson of EU Professors.
Presentations by students of short essays.