Management Accounting

Course	V-793-MAAC
Semester	20242
ETCS	7,5
Core	No

Year	1. year
Semester	Summer 2024
Level of course	N/A
Type of course	Elective
Prerequisites	No prerequisites.
Schedule	No schedule found.
Lecturer	Carsten Rohde
Content
Financial and non-financial data are a very important basis for evaluation of profits of different segments as well as evaluating and managing the efficiency of departments, people and processes in the organization. But it is also important as a basis for pricing decisions and planning purposes. The course focusses on how to capture financial and non-financial data as well as organize and use them for decision making and control. The course contains the following core elements: - Job costing systems & process-costing systems - Revenue and Cost terms and behavior - Profitability analysis - Pricing decisions and target costing - Capital Investment decisions - Budgetary systems - Performance measurement and management - Control systems and transfer pricing
Learning outcome - Objectives
The student should: - Develop a fundamental knowledge of financial management of a company. - Understand the purpose and content of different management accounting theories, models, techniques and systems. - Be able to apply and use them for different analysis, decision making and control tasks in different companies. - Analyse and evaluate the strengths and weaknesses of each theory, model, technique and system used for different tasks. The students should be able to: - Identify and analyze management control issues. - Apply the theories, models and techniques of the course in case study settings and companies. - Evaluate management accounting techniques, methods and practices. - Recommend courses of action for management with respect to their management accounting systems design and use. The student should be able to: - Participate in a professional debate concerning the solution to a business issue. - Make structured thinking and presentation of arguments. - Analyze counter-arguments in a timely fashion and relate constructively to other people’s suggestions. - Design and implement management accounting systems in different companies. - Use management accounting for different decision making, planning and control purposes.
Course assessment
Reading material
No reading material found.
Teaching and learning activities
Language of instruction	Icelandic