2024
Management Accounting II
Name: Management Accounting II
Code: GES02327L
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
Following Management Accounting I syllabus, the aim now is for the student to develop its culture in this specific area of business management, articulating the skills acquired with Management Accounting II course contents. Promoting a reflection on the use of information for planning, analysis and control the activity of the organization.
At the end of the course students should have developed the following competences:
* Knowing and apply some of the management accounting tools in supporting management decisions
* Understanding cost behavior and the sensitivity of costs to variations on the level of activity.
* Understand the objectives, assumptions and limitations of cost - volume - profit analysis.
* Identify the objectives and scope of budgeting process.
* Be able to prepare the annual budget and to use the information for analysis and control purposes..
* Identify the objectives and scope of standard costing and standard costing variance analysis.
At the end of the course students should have developed the following competences:
* Knowing and apply some of the management accounting tools in supporting management decisions
* Understanding cost behavior and the sensitivity of costs to variations on the level of activity.
* Understand the objectives, assumptions and limitations of cost - volume - profit analysis.
* Identify the objectives and scope of budgeting process.
* Be able to prepare the annual budget and to use the information for analysis and control purposes..
* Identify the objectives and scope of standard costing and standard costing variance analysis.
Contents
1. COST - VOLUME - PROFIT ANALYSIS
1.1. Variable and absorption costing
1.2. Cost - volume - profit analysis assumptions
1.3. Cost - volume - profit relationships
1.4. Break-even point
1.5. Contribution margin
1.6. Safety margin
2. THE BUDGETING PROCESS
2.1. Stages in planning process
2.2. Budgeting process
2.2.1. Stages in the budget process
2.2.2. Preparation of the annual budget
2.3. Activity-based budgeting
3. ACCOUNTING FOR CONTROL, VARIANCE ANALYSIS AND STANDARD COSTS
3.1. Budgeting for control
3.1.1. Objectives and scope of variance analysis
3.1.2. Variances from budget
3.1.3. Reasons for variances
3.2. Standard costing
3.2.1. Establishing cost standards
3.2.2. Types of cost standards
3.2.3. Operation of a standard costing system
3.2.4. Variance analysis
1.1. Variable and absorption costing
1.2. Cost - volume - profit analysis assumptions
1.3. Cost - volume - profit relationships
1.4. Break-even point
1.5. Contribution margin
1.6. Safety margin
2. THE BUDGETING PROCESS
2.1. Stages in planning process
2.2. Budgeting process
2.2.1. Stages in the budget process
2.2.2. Preparation of the annual budget
2.3. Activity-based budgeting
3. ACCOUNTING FOR CONTROL, VARIANCE ANALYSIS AND STANDARD COSTS
3.1. Budgeting for control
3.1.1. Objectives and scope of variance analysis
3.1.2. Variances from budget
3.1.3. Reasons for variances
3.2. Standard costing
3.2.1. Establishing cost standards
3.2.2. Types of cost standards
3.2.3. Operation of a standard costing system
3.2.4. Variance analysis
Teaching Methods
Management Accounting 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 (2023/2024 )
