|
Instructors: Associate Professor Denis Becker
Event type:
Seminar
Org-unit: Corporate Management & Economics
Displayed in timetable as:
Controlling
Hours per week:
3
Credits:
6,0
Note: In your exam regulations, differing credits may have been specified.
Location:
Campus der Zeppelin Universität
Language of instruction:
Englisch
Min. | Max. participants:
10 | 24
Priority scheme: Standard-Priorisierung
Course content:
Topic 1: Introduction to Management Accounting and Control
Topic 2: Using Costs in Decision MakingDifference between costs and revenues in financial accounting versus management control.
- Classification of costs and revenues.
- Cost and revenue behavior.
- Identifying relevant costs and revenues for decision making.
Topic 3: Accumulating and Assigning Costs to Products and Services
- Absorption costing and direct costing.
- Job costing and process costing.
- Activity based costing.
- How to implement cost models in spreadsheets (Microsoft Excel or equivalent).
Topic 4: Using Budgets for Planning and Coordination
- Relationships between assets, liabilities, income, and cash flow.
- Functional and departmental budgets.
- Working capital planning.
- Simulation of future scenarios.
- Concept of Zero-based budgeting.
- Idea of “Beyond budgeting”.
- Setting up budgets and simulations in spreadsheets (Microsoft Excel or equivalent)
Topic 5: Capital Budgeting, Firm Valuation & Value-based Management
- Discounted-cash-flow methods (Equity, Free Cash Flow, and Adjusted Present Value).
- Weighted average cost of capital.
- Economic value added and market value added.
- Life-cycle costing
- How to implement valuation models in spreadsheets (Microsoft Excel or equivalent)
Topic 6: The Balanced Scorecard and the Strategy Map
Topic 7: Selected Concepts of Strategic Management Accounting and Control
(Many of the following concepts will be discussed only shortly and conceptually)
- Target costing
- Kaizen costing
- Lean accounting
Educational objective:
This course provides the students with an understanding of management accounting concepts related to the management functions of planning, control, and decision making.
Learning outcomes and skills:
The student will be able to critically analyze the operations of an organization through the application of management accounting techniques.
The student can demonstrate mastery of costing systems, cost management systems, budgeting systems and performance measurement systems.
The student knows the need for a balance between financial and non-financial information in decision making, control and performance evaluation.
The student can effectively implement management accounting techniques by means of spreadsheet software (like Microsoft Excel).
Further information about the exams:
Most likely, the exam will be a 10 hours take-at-home exam. In the beginning of the day of the exam the students will receive the text of the exam. Latest after 10 hours the students need to submit their answers by email.
Mandatory literature:
Anthony A. Atkinson, Robert S. Kaplan & Ella Mae Matsumura. (2017). Management Accounting: Information for Decision-Making and Strategy Execution. Pearson Education.
Srikant Datar & Madhav Rajan. (2017). Horngren’s cost accounting: a managerial emphasis. 16th edition. Pearson Education.
Wenn Sie E-Learning Funktionalitäten nutzen möchten, tragen Sie bitte "Ja" ein.:
Ja
|
