Management Accounting TNU04156

Course content:Introduction to management accounting: Financial accounting and management accounting; Strategic and operational management accounting. Cost based decision making: the meaning of cost, classification of costs – different type of costs for different purposes. Cost accounting: absorption costing and variable costing system; Methods for separating variable costs and fixed costs, costs in profit and loss accounting. Cost based for short-term decision making: breakeven point; profit and loss account, multi level cost and results accounting. Strategic orientation of management accounting. The operational process of costs budgeting. The Control system in management.

Learning outcomes: define and describe structures costs, describe the role and chosen methods of modern strategic cost management, to explain how variable costing can be used for decision making, prepare profit and loss account and apply budgeting process.