Management Accounting

22B0762

Bachelor

English

5.0

only winterterm

Under cooperation with UMP in Malaysia, the module is offered every semester. The class is taught hybrid with the lecture taught in the home university hybrid. Students of the other university then attend online.   

1 semester

The module is taught together with UMP in Malaysia. The classes are partly online.

Controlling / Management Accounting is Accounting for managers and provides them with information to make decisions. It is based on financial records and internal data (budget) gathered by the business. Students majoring in Management Accounting/Finance are supposed to understand the role of Management Accounting in a company and the main concepts and methods. The Controlling class is based on Accounting theory, management accounting principles and case studies about international companies. This subject meets international standards of teaching managerial accounting.

Students learn about the mthods in financial performance management, EPS,  managers' perspective of Accounting (cost center, profit center, value chain, BSC, Risk management), cost concepts, reporting, manufacturing accounting, cost allocations, cost systems (job order costing, process costing), ABC/ABM, cost behaviour (regression method for cost splitting), CVP-Analysis, budgeting, standard costing and variance analysis, capital budgeting (time value of money, present value concept), accounting for investments

The total workload for the module is 150 hours (see also "ECTS credit points and grading").

For the class, online material is available on UVK-website (case studies and videos).

• Written examination

Written examination: in accordance with the valid study regulations

The requirements are specified in the respective lectures.

Completion of the module Financial Statements (IFRS).

Students majoring in Management Accounting/Finance are supposed to understand the role of Management Accounting and its concepts and methods. Based on knowledge of Financial Accounting the module broadens the Accounting knowledge for planning/budgeting/monitoring/reporting aspects.

The subject deepens the knowledge based on the application of methods applicable in international Management Accounting. The module focus on the international syllabus of traditional and ABC-costing-based Management Accounting. Methods are explained and discussed in detail based on problem-oriented case studies.

Graduates are able to distinguish different Management Accounting systems (full cost systems vs. marginal costing) and can apply methods in Management Accounting, i.e. cost allocations. They understand the difference between traditional Management Accounting and process-based ABC and ABM. The graduates can prepare management reports and can understand/interpret reports, i.e. deviation and performance reports. Students also can apply Manufacturing Accounting in production firms. 

Graduates can prepare a business plan/budget and understand the methods of cost planning for marginal accounting and activity-based costing. Students can prepare a flexible budget and run deviation analyses and prepare/understand deviation reports. They can take the role of an internal Accountant in a company or use their knowledge as consultants. They can design a Management Accounting system, i.g. by customizing SAP software.

Students learn Management Accounting by cases that have been prepared to focus on particular methods, e.g. product mix decisions based on CVP-Analysis, mergers and acquisition decisions, or risk management measurements. 

Graduates can discuss concepts of Management Accounting and cost accounting systems and can apply technical terms in international Management Accounting. They can prepare reader-oriented Management Accounting reports. 

Graduates understand the planning process (business plan, budgeting) and understand how decisions or circumstances (cost factors) impact Management Accounting information. The students know and can apply in Management Accounting textbook discussed methods and can reflect on and evaluate Accounting methods. Graduates understand the impact of different methods in Management Accounting on the recipients.  

This module is related to "Financial Statements (IFRS)" and to the modules of the specilisation Finance and Control.

• International Management, B.A.

• Berkau, Carsten

• Berkau, Carsten