Bachelor
2020/2021
Management Accounting
Type:
Elective course (Economics)
Area of studies:
Economics
Delivered by:
Department of Finance
When:
3 year, 1 module
Mode of studies:
distance learning
Instructors:
Iya Churakova
Language:
English
ECTS credits:
3
Contact hours:
24
Course Syllabus
Abstract
This introductory course covers the main areas required to gain a firm foundation in the subject. Part 1 provides a broad introduction to the nature and purpose of management accounting. Part 2 concerns with identifying cost information and using it to make short-term and medium-term decisions. Part 3 introduces students to costing methods. Part 4 deals with the ways in which management accounting can be used in making plans (budgets) and in trying to ensure that those plans are actually achieved. Part 5 deals with ‘strategic management accounting’. This is an increasingly important area of management accounting that focuses on factors outside the organisation but which have a significant effect on its success. Students will explore some up-to-date and seminal management accounting researches. The course consists of lectures (22 hours) and tutorials (14 hours). The tutorials involve the presentation of seminal and current researches by small groups of students followed by the discussion of these presentations. All course participants also must write a short essay (4000- 5000 signs) in which they will try to solve some problem case by management accounting information application.
Learning Objectives
- To understand essential managerial accounting concepts which have being used within organizations for decision-making purposes and being the parts of current research interests.
Expected Learning Outcomes
- Students are able to define and apply basic management accounting concepts.
- Students understand the links between research and practice approaches in management accounting subject field.
- Students differentiate costs by categories, costing approaches, topics in management accounting research field.
- Students explain the choice of management accounting methods for specific organizational cases.
Course Contents
- Topic 1. Management accounting: an overview. Research and practice subject field
- Topic 2. Cost concepts and costs allocation
- Topic 3. Job-Order costing and Process costing
- Topic 4. Direct costing, Full costing and ABC
- Topic 5. Normative costing and Budgeting as an organizational control tool
- Topic 6. Strategic management accounting
Assessment Elements
- Presentation
- Final examThe final exam will take the form of a 2-hour written task.
- EssayAll late submissions (both presentation and the essay) will be graded down (one point on a 0-10 scale per day of delay). Written (without public oral) presentation as a computer or paper file will be grade a half mark comparatively with public oral one. If you plagiarize, you will fail.
Bibliography
Recommended Core Bibliography
- Arora, M. N. (2009). Management Accounting : (theory, Problems and Solutions) (Vol. 1st ed). Mumbai [India]: Himalaya Publishing House. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=342143
Recommended Additional Bibliography
- Burney, L. L., & Malina, M. A. (2019). Advances in Management Accounting (Vol. First edition). Bingley, U.K.: Emerald Publishing Limited. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2012180