Management Accounting (5cr)
Course unit code: 5091178
General information
- Credits
- 5 cr
Objective
After completing the course, a student can
- describe the differeces between management accounting and financial accounting
- describe the basic problems of accounting
- describe the basic terms of costing
- calculate material, labour and capital costs
- allocate costs to cost centres
- calculate product costs
- utilize contribution margin analysis in various short-term calculations
- set the price to a product
- utilize linear programming
- make investment calculations
- prepare the separate budgets which lead to the main budgets
Content
- classification, assessment and assigment of costs
- contribution margin analysis
- pricing
- short-term alternative calculations
- linear programming
- investment calculations
- budgeting