2023
Management Accounting I
Name: Management Accounting I
Code: GES02323L
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area:
Management
Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial
Sustainable Development Goals
Learning Goals
Management Accounting (MA) undergone important changes in recent years in order to meet the needs of modern management of organizations. Following the traditional objective of products and services costing, its development has been to constitute a fundamental tool in terms of providing information for planning, evaluation and control processes and extend its scope to all functional levels of the organization. MA I focuses primarily on that first goal, which seeks to provide students with the understanding and application of concepts, methods and systems to fulfill it.
At the end of the course students should have developed the following competences:
* Have a general sensitivity to the issue of MA.
* Knowing the techniques of MA and its usefulness in the generation and systematization of information for management.
* Understand the objectives, the scope and the conceptual framework of MA.
* Understand the range of costs, combining their nature and function.
At the end of the course students should have developed the following competences:
* Have a general sensitivity to the issue of MA.
* Knowing the techniques of MA and its usefulness in the generation and systematization of information for management.
* Understand the objectives, the scope and the conceptual framework of MA.
* Understand the range of costs, combining their nature and function.
Contents
1. INTRODUCTION TO MA
1.1. Definition, objectives, scope and conceptual framework
1.2. MA and Financial Accounting
1.3. MA and organizational management
2. BASIC CONCEPTS
2.1. Economic and financial concepts
2.2. Cost terms and concepts
2.3. Costs and costs control
2.4. The MA income statement
3. PRODUCT COSTING
3.1. Product costing: direct materials costs, labor costs and overheads
3.2. Cost assignment and cost accumulation methods
3.3. Costing systems
3.4. Joint product costing
4. COST CENTERS
4.1. Main concepts
4.2. Production centers and cost assignment to production centers
4.3. Service centers: cost assignment and cost reallocation to other centers
5. ACTIVITY-BASED COSTING
5.1. Fundamentals of activity-based costing and main concepts
5.2. Developing an activity-based costing system
5.3. A comparison of traditional and activity-based costing systems
1.1. Definition, objectives, scope and conceptual framework
1.2. MA and Financial Accounting
1.3. MA and organizational management
2. BASIC CONCEPTS
2.1. Economic and financial concepts
2.2. Cost terms and concepts
2.3. Costs and costs control
2.4. The MA income statement
3. PRODUCT COSTING
3.1. Product costing: direct materials costs, labor costs and overheads
3.2. Cost assignment and cost accumulation methods
3.3. Costing systems
3.4. Joint product costing
4. COST CENTERS
4.1. Main concepts
4.2. Production centers and cost assignment to production centers
4.3. Service centers: cost assignment and cost reallocation to other centers
5. ACTIVITY-BASED COSTING
5.1. Fundamentals of activity-based costing and main concepts
5.2. Developing an activity-based costing system
5.3. A comparison of traditional and activity-based costing systems
Teaching Methods
MA I is a theoretic and practical course aiming at the acquisition and the understanding of the concepts needed for a diversified application. Privilege will always given to the consolidation of the theoretical knowledge through practical application to real or very close scenarios, pushing at the development of individual skills and the acquisition and / or strengthening of relational skills. There is a commitment at the level of interconnection of content with scientific research and the systematic use of computer tools, including Excel spreadsheet. The continuous evaluation process includes the completion of three written tests with equal weighting for the final average, one of which was held in groups, seeking the reinforcement of relational skills. In the examination assessment students complete a written test.
Assessment
Continuous assessment: two group tests and an individual test on the entire syllabus with weights of, respectively, 25%, 25% and 50% for the final classification. All tests are carried out during the academic period.
Assessment by exam: an individual test covering the entire syllabus, with a weighting of 100% for the final classification.
Assessment by exam: an individual test covering the entire syllabus, with a weighting of 100% for the final classification.
Teaching Staff
