Management Accounting II
- To learn how to apply certain concepts and principles within management accounting.
- To learn how to use concepts and principles to make decisions from the point of view of the manager of a firm.
- To understand how concepts and principles relate to the broader activities of the firm.
- Students are able to understand why costing is so important part of accounting and decision making and what it is used for. It introduces candidates to the basic divisions of costing and how to apply them in the costing methods and techniques organisations use.
- Students could define the basic principles of cost allocation and recognise the most important cost concepts.
- Students are able to prepare and use cost allocation document for a small company (in a simplified form), know how the documents are prepared, the types and sources of data.
- Students are able to list basic differences between the two costing systems. They are able to solve practical cases using Excel sheets.
- Students know how these costing systems are performed in firms, may solve simple cases involved knowledge of the method.
- Students are able to apply appropriate techniques to support short-term decisions.
- Students are able to explain budgeting system used at the firm. They are able to calculate simple sales, production and cash budgets.
- Students are able to apply basic sensitivity analysis to budgeting and short-term decision-making
- Topic 2. Cost concepts and costs allocation
- Topic 1. Management accounting: an overview. Research and practice subject field.
- Topic 3. Job-Order costing and Process costing
- Topic 4. Direct costing, Full costing and ABC
- Topic 5. Normative costing and Budgeting as an organizational control tool
- ProjectIndividual or in small groups, home assignment. Groups receive for analysis the balance sheet of the firm. Students develop several scenarios of the firm's activity based on statement analysis. To do this each lecture groups receive tasks that need to be completed. The list includes:1) cost classifications, 2) analysis of financial statements, 3) development of the budget of the company, 4) measures to assess and minimize risks, 5) presentation of the final solution.
- DemonstrationIndividual or in small groups, in-class, open book
- Midterm testIndividual, in-class, open book
- Final examThe exam is to be held in written) form via the HSE Moodle service on a platform https://et.hse.ru/. The exam will be synchronously proctored via the “Examus” proctoring system (https://hse.student.examus.net). It is necessary to log in 15 minutes before the exam is due to begin. (Emphasize the opportunity to try the platform/digital service if such possibility exists). Every student can test the “Examus” system here: https://student.examus.net/?sessionId=24799&serverOrigin=https://stage.examus.net/. Some necessary information on proctoring: https://spb.hse.ru/mirror/pubs/share/367863268.pdf. Student’s computer should meet the following requirements: (retrieve the elements from here: https://spb.hse.ru/mirror/pubs/share/367863268.pdf). To participate in the exam, a student is obliged to: upload a profile photo, turn camera and microphone on, verify the personal data. During the exam, it is forbidden to: communicate with other people, use various gadgets and communicative tools. During the exam it is allowed to: use an only personal solution of the case given to students via LMS system a day before the exam only in a paper (printed or written) form. Students can’t use this solution on laptops, additional computer screens or excel files. If proctor can’t see a student within 5-9 minutes, it will be regarded as a brief connection break. If proctor can’t see a student or connect with him within 10 minutes interval or more, it will be considered as a more extended connection break and will entail the exam cessation. The retake procedure is identical to the exam procedure.
- Interim assessment (3 module)0.1 * Demonstration + 0.6 * Final exam + 0.1 * Midterm test + 0.2 * Project
- Horner, D. (2017). Accounting for Non-Accountants (Vol. Eleventh edition). London: Kogan Page. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1584661
- Corporate communication and impression management - New perspectives why companies engage in corporate social reporting. (2000). Journal of Business Ethics, 27(1–2), 55–68. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsnar&AN=edsnar.oai.pure.rug.nl.publications.f6023382.c9b1.431c.89e7.a3d39e9713dd
- Epstein, B. J., & Jermakowicz, E. K. (2007). Wiley IFRS 2007 : Interpretation and Application of International Financial Reporting Standards. Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=492804
- Lev, B., & Gu, F. (2016). The End of Accounting and the Path Forward for Investors and Managers. Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1245759
- Nugus, S. (2009). Financial Planning Using Excel : Forecasting, Planning and Budgeting Techniques (Vol. 2nd ed). Amsterdam: CIMA Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=249350