Бакалавриат
2021/2022
Управленческий учет
Статус:
Курс по выбору (Экономика и статистика)
Направление:
38.03.01. Экономика
Кто читает:
Школа финансов
Где читается:
Факультет экономических наук
Когда читается:
3-й курс, 2 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для всех кампусов НИУ ВШЭ
Преподаватели:
Высотская Анна Борисовна,
Гулько Надежда Витальевна
Язык:
английский
Кредиты:
3
Контактные часы:
38
Course Syllabus
Abstract
Course description. The aim of this course is to develop fundamental knowledge and techniques that underpin management accounting. It identifies the position of the management accountant within organisations, the identification and classification of costs and their behavior, as well as provides the basis for understanding and applying the tools and techniques needed to plan, control and make decisions.
Learning Objectives
- LO 1. The ability to explain the purpose of management accounting and the role of the Management Accountant
- LO 2. The ability to demonstrate cost identification and classification
- LO 3. The ability to apply costing techniques, such as: absorption, marginal and ABC-costing
- LO 4. The ability to prepare budgets for planning and control
- LO 5. The ability to apply variance analysis to reconcile budgeted and actual profits in a marginal format
- LO 6. The ability to demonstrate the impact of risk and uncertainty in the decision-making process
- LO 7. Performance Measurement
Expected Learning Outcomes
- apply cost–volume–profit analysis in a multi-product setting;
- calculate and explain the accounting treatment of the under-/over-recovery of overheads
- calculate and explain the meaning of expected values;
- calculate NPV, IRR, the payback period and ARR;
- construct a decision tree when there is a range of alternatives and possible outcomes;
- construct an overhead analysis sheet and calculate cost centre allocation rates
- construct break-even, contribution and profit–volume graphs;
- define and illustrate a cost object;
- describe and calculate the value of perfect and imperfect information;
- describe how cost systems differ in terms of their level of sophistication
- describe the ABC cost hierarchy;
- describe the ABC profitability analysis hierarchy;
- describe the ABC resource consumption model
- describe the differences between activity-based and traditional costing systems;
- describe the effect of performance measurement on capital investment decisions
- describe the three purposes for which cost information is required
- distinguish between cause-and-effect and arbitrary cost allocations
- distinguish between compounding and discounting;
- distinguish between management accounting and financial accounting;
- distinguish between traditional and activity-based costing (ABC) systems and calculate product costs derived from an ABC system
- Efficiency Variance Planning of Variable and Fixed Overhead Costs
- explain and apply the maximin, maximax and regret criteria;
- explain how risk-adjusted discount rates are calculated;
- Explain how the cost assignment approach described for manufacturing organizations can be extended to non-manufacturing organizations
- explain the concepts of net present value (NPV), internal rate of return (IRR), payback method and accounting rate of return (ARR);
- explain the factors that have influenced the changes in the competitive environment;
- explain the implications of pursuing a diversification strategy.
- explain the limitations of payback and ARR;
- explain the meaning of each of the key terms or concepts highlighted in bold in this chapter;
- explain the meaning of operating leverage and describe how it influences profits;
- explain the meaning of the terms standard deviation and coefficient of variation as measures of risk and outline their limitations;
- explain the opportunity cost of an investment;
- explain why a cost accumulation system is required for generating relevant cost information for decision-making;
- explain why departmental overhead rates should be used in preference to a single blanket overhead rate
- explain why different cost information is required for different purposes
- explain why in the short term some costs and revenues are not relevant for decision-making;
- explain why it is necessary to understand the meaning of different cost terms;
- explain why traditional costing systems can provide misleading information for decision-making;
- identify and describe the elements involved in the decision-making, planning and control process;
- identify and describe the functions of a cost and management accounting system;
- identify and explain each of the four stages involved in designing ABC systems;
- identify and explain the assumptions on which cost–volume–profit analysis is based
- justify the superiority of NPV over the IRR;
- justify the use of linear cost and revenue functions;
- justify the view that a major objective of commercial organizations is to broadly seek to maximize future profits;
- justify why budgeted overhead rates should be used in preference to actual overhead rates
- justify why the payback and ARR methods are widely used in practice;
- outline and describe the key success factors that directly affect customer satisfaction;
- Planning Variable Overhead Costs Planning Fixed Overhead Costs
- Price Variances and Efficiency Variances for Direct-Cost Inputs Price Variances
- provide a brief historical description of management accounting
- Sales-Volume Variances Flexible-Budget Variances
- Static and Flexible-Budget Variances and Sales-Volume Variances
- understand the factors influencing the choice of an optimal cost system
- •calculate the incremental taxation payments arising from a proposed investment;
- •describe the two approaches for adjusting for inflation when appraising capital projects;
- •explain capital rationing and select the optimum combination of investments when capital is rationed for a single period;
Course Contents
- The purpose of management accounting and the role of the Management Accountant
- Cost identification and classification
- Costing techniques, such as: marginal, absorption, and ABC-costing
- Capital Budgeting and Cost Analysis: 1
- Managing Risk and Uncertainty
- Capital Budgeting and Cost Analysis: 2
- Variance analysis and reconciliation of budgeted and actual profits in a marginal format
Assessment Elements
- Тест 1 «THE CONTEXT OF MANAGEMENT ACCOUNTING »Тест проводится на платформе Тимс в течение 1-1,5 часов (1 пара) согласно времени указанному в расписании. Студент должен будет заранее подключиться по ссылке Teams с включенной камерой . Ответить на вопросы теста. Тест будет содержать вопросы с выбором одного правильного ответа, нескольких правильных ответов, задачи или вписать в ячейку правильный ответ. Проводится запись тестирования через платформу Тимс.
- Home Assignment 1 (Costs)
- ЭкзаменЭкзамен будет проходить в системе Тимс в течение 1-1,5 часов (1 пара) согласно времени указанному в расписании. Студент должен будет заранее подключиться по ссылке на Тимс с включенной камерой. Ответить на вопросы теста. Тест будет содержать вопросы с выбором одного или нескольких правильных ответов, задачи или вписать в ячейку правильный ответ.
- Test 2 «COSTING»Тест проводится на платформе Тимс в течение 1-1,5 часов (1 пара) согласно времени указанному в расписании. Студент должен будет заранее подключиться по ссылке Teams с включенной камерой . Ответить на вопросы теста. Тест будет содержать вопросы с выбором одного правильного ответа, нескольких правильных ответов, задачи или вписать в ячейку правильный ответ. Проводится запись тестирования через платформу Тимс.
- Тест 3 «DECISION MAKING »Тест проводится на платформе Тимс в течение 1-1,5 часов (1 пара) согласно времени указанному в расписании. Студент должен будет заранее подключиться по ссылке Teams с включенной камерой . Ответить на вопросы теста. Тест будет содержать вопросы с выбором одного правильного ответа, нескольких правильных ответов, задачи или вписать в ячейку правильный ответ. Проводится запись тестирования через платформу Тимс.
- Home Assignment 2 (Budgeting - Group Project)
Interim Assessment
- 2021/2022 2nd module0.1 * Test 2 «COSTING» + 0.1 * Тест 1 «THE CONTEXT OF MANAGEMENT ACCOUNTING » + 0.2 * Тест 3 «DECISION MAKING » + 0.1 * Home Assignment 1 (Costs) + 0.4 * Экзамен + 0.1 * Home Assignment 2 (Budgeting - Group Project)
Bibliography
Recommended Core Bibliography
- Advanced management accounting, Kaplan, R. S., 2014
- Fundamentals of Management Accounting. Subject BA2. CIMA official exam practice kit, , 2019
- Fundamentals of Management Accounting. Subject BA2. CIMA official study text, , 2019
Recommended Additional Bibliography
- FIA FMA/ ACCA paper F2: management accounting: for exams from 1 September 2015 to 31 August 2016 : interactive text, , 2015