2012/2013  BA-HA_HU1A  Managerial Accounting

English Title

Managerial Accounting

Course information
Language	English
Exam ECTS	7.5 ECTS
Type	Elective
Level	Bachelor
Duration	Summer
Course period	NOTE: The course schedule is at the moment ONLY available at www.cbs.dk/summer.
Time Table	Please see course schedule at e-Campus
Study board	Study Board for BSc in Economics and Business Administration
Course coordinator
Faculty - Jeffrey Douglas Gramlich, University of Southern Maine Patricia Plackett - Department of Operations Management
Main Category of the Course
Financial and management accounting
Last updated on 23-04-2012

Learning objectives

At the end of the course students should be able to: Distinguish between financial and managerial accounting by learning the terms, concepts, classifications, and related information used by managers. Recognize traditional and developing costing system designs for basic processes. Prepare basic, but comprehensive, budgets derived from sales forecasts. Compute material, labor and overhead variances from standard costs for inclusion in managerial accounting reports. Analyze basic cost-volume-profit relationships.

Prerequisite

Introduction to Financial Accounting

Examination

Managerial Accounting

4 hour written exam: Type of test Written Exam Marking scale 7-step scale Second examiner No second examiner Exam period Summer Term Aids Closed Book Duration 4 Hours Closed book exam: Dictionaries and calculators are permitted.

Course content

This course offers an opportunity for class members to gain an introduction to selected managerial accounting topics including cost behavior, product costing, budgeting, performance management and relevant costs/benefits. The three main components of the course pertain to cost management, planning and control, and strategic decision-making.   The course focuses on the use of accounting data for internal management decision making in order to set company plans and objectives, measure and control operations, and evaluate investment-related and other proposals. Students will learn the nature of costs and how to analyze and control them. Techniques for analysis and application of useful decision data will be studied, as well as the fundamentals of budgeting and other related topics that will help enable firms to increase efficiency and profitability. Topics will include an overview of management accounting, job order and process costing, activity-based costing, cost-volume-profit analysis and budgeting.   The course’s development of personal competences:   At the end of this course, students should be able to:   Identify relevant managerial issues, problems or opportunities, Identify the information needed to address the issue, problem or opportunity, and Address the issue, problem or opportunity using the tools made available in this course.

Teaching methods

The course will be lecture based. However, accounting is best learned by doing rather than by just hearing. Students will do homework as well as in-class exercises and cases from the textbook in order to practice and master the material. To chart progress, spot learning gaps, and prepare for the final examination, non-graded in-class practice quizzes will also be administered. Students will be expected to have read the applicable material and completed the homework assignments before coming to class.

Expected literature

Garrison, Noreen, and Brewer. 2011. Managerial Accounting, 14th ed. McGraw-Hill, Irwin.