Course Catalog

The course provides the students with the knowledge of:

• the role and importance of management accounting as a scientific and practical activity;
• the fundamental differences between financial and management accounting;
• the behavioral aspects within the organization and the ethical problems in management accounting practice;
• the traditional methods and concepts of management accounting for the following basic purposes: product/service costing; managerial decision making; performance management (i.e., budgeting and management control);
• the elements of effective performance management systems;
• the reasoning of the acquired knowledge through critical acceptance, understanding and expression of theories and principles;
The course will help students acquire skills, such as: • classifying costs and estimating cost behavior using historical cost data;
• determining the costs associated with the delivery of products/services;
• selecting the most appropriate method of costing for a given product/service;
• applying CVP analysis as a management tool;
• identifying relevant-cost and relevant-revenue data for use in managerial decision making;
• selecting the most appropriate approaches to budgeting and preparing budgets;
• calculating basic budget variances and analyzing their factors;
• logical thinking; innovative and creative approach of problem solving in the field of management accounting