Students shall be able to do the following:

Knowledge

• Summarize and interpret state-of-the-art concepts in management accounting and performance management and understand their interdependencies
• Evaluate and manage overhead costs adequately by applying Traditional Costing as well as Activity Based Costing an interpreting the compiled information
• Support new product development according to market needs by applying Target Costing

Skills

• Identify data relevant to management accounting and performance management and solve problems in theory and practice by applying the above-mentioned concepts and tools

Competencies

• Recognize practical business challenges in the areas of management accounting and performance management
• Apply and modify knowledge to new and complex challenges
• Draw on and make use of adequate sources of information in order to solve these challenges
• Perform necessary calculations in the course of problem solving
• Reflect the derived results critically and draw conclusions

Focus on Decision Making

• Managerial Accounting, the Business Organization, and Professional Ethics
• Introduction to Cost Behavior and Cost-Volume-Profit Relationships
• Measurement of Cost Behavior
• Cost Management Systems and Activity-Based Costing
• Relevant Information for Decision Making with a Focus on Pricing Decisions
• Relevant Information for Decision Making with a Focus on Operational Decisions

Accounting for Planning and Control

• Introduction to Budgets and Preparing the Master Budget
• Product Costing (corresponds to part 4 in the textbook)
• Cost Allocation
• Accounting for Overhead Costs

Horngren, C.T.; Sundem, G.L.; Burgstahler, D.; Schatzberg, J. (2014): Introduction to Management Accounting,16th Global Edition, Pearson