Managerial Accounting

Introduction

The aim of this first course in managerial accounting is to give students essential basic knowledge and skills so that they can take part in discussions on problems in managerial accounting and carry out simple analyses within this field, make correct decisions and communicate the results of the analyses in a comprehensible manner.

Course content

The course consists of the following three parts:

Part 1: Accounting

• Financial statements main reports (income statement and balance sheet)
• The balance sheet equation (basic accounting relationships)
• Transactions (effect on income statement and balance sheet)
• Basic accounting principles (including depreciation and accruals in general)
• Basic accounting analysis (liquidity, solvency, profitability and efficiency)

Part 2: Cost and revenue analysis

• Cost theory (including variable and fixed costs, direct and indirect costs)
• Cost distribution (including cost object, cost center and additional calculation)
• Calculation (including cost and contribution calculations)
• Zero point analyzes (including safety margin)
• Short-term decision problems (including special orders, promotions and outsourcing)

Part 3: Budgeting

• Performance budget
• Balance budget
• Liquidity budget
• Budgeting of working capital