Managerial accounting systems generate information that will assist managers in making day-to-day and and long-term strategic decisions. The course introduces the students to the design of accounting procedures and systems that support managerial planning and control of operations. It covers topics such as cost classifications, definitions, and behavior; design and analysis of product cost systems and product mix decisions; cost-volume-profit relationships; overhead cost allocations; developing cost standards and responsibility accounting systems; variance analysis; and introduction to activity-based costing.
Managerial Accounting (ACC 301)
2022 Spring
Sabancı Business School
Accounting(ACC)
3
6
Ulf Nilsson nilsson@sabanciuniv.edu,
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English
Undergraduate
ACC201 MGMT202
Formal lecture
Interactive
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| Programs\Type | Required | Core Elective | Area Elective |
| Finance Minor | * | ||
| Industrial Engineering | * | ||
| Industrial Engineering (Previous Name: Manufacturing Systems Engineering) | * | ||
| Management | * | ||
| Management | * |
CONTENT
OBJECTIVE
The objective of the course is that the student after the course has a basic understanding of the three main functions of managerial accounting; decision making, control and inventory valuation.
LEARNING OUTCOMES
- 1. Explain how cost information is used in decisions by managers. 2. Describe the basic contents of management accounting. 3. Analyze business transactions in terms of their effect on the costs and operational items. 4. Understand and use basic management accounting terminology. 5. Analyze and interpret management accounting reports that provide both objective measures of past operations and subjective estimates about future decisions. 6. Analyze and interpret cost behavior. 7. Understand various cost systems 8. Analyze the types of standards, how they are used in budgeting and how they are established for businesses. 9. Prepare a differential analysis report for decision making. 10. Apply and analyze product costing allocation methods.
PROGRAMME OUTCOMES
1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 2
2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 1
3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 3
4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 3
5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 3
1. Possess sufficient knowledge of mathematics, science and program-specific engineering topics; use theoretical and applied knowledge of these areas in complex engineering problems.
2. Identify, define, formulate and solve complex engineering problems; choose and apply suitable analysis and modeling methods for this purpose.
3. Develop, choose and use modern techniques and tools that are needed for analysis and solution of complex problems faced in engineering applications; possess knowledge of standards used in engineering applications; use information technologies effectively.
4. Have the ability to design a complex system, process, instrument or a product under realistic constraints and conditions, with the goal of fulfilling specified needs; apply modern design techniques for this purpose.
5. Design and conduct experiments, collect data, analyze and interpret the results to investigate complex engineering problems or program-specific research areas.
6. Possess knowledge of business practices such as project management, risk management and change management; awareness on innovation; knowledge of sustainable development.
7. Possess knowledge of impact of engineering solutions in a global, economic, environmental, health and societal context; knowledge of contemporary issues; awareness on legal outcomes of engineering solutions; knowledge of behavior according to ethical principles, understanding of professional and ethical responsibility.
8. Have the ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.
1. Formulate and analyze problems in complex manufacturing and service systems by comprehending and applying the basic tools of industrial engineering such as modeling and optimization, stochastics, statistics.
2. Design and develop appropriate analytical solution strategies for problems in integrated production and service systems involving human capital, materials, information, equipment, and energy.
3. Implement solution strategies on a computer platform for decision-support purposes by employing effective computational and experimental tools.
1. Have an understanding of economics and main functional areas of management 4
2. Have a basic all-around knowledge in humanities, science, mathematics, and literature 1
3. Have a basic knowledge of law and ethics, awareness of social and ethical responsibilities 2
4. Work effectively in teams and environments characterized by people of diverse educational, social and cultural backgrounds 2
5. Demonstrate proficiency in oral and written communications in English 3
6. Pursue open minded inquiry and appreciate the importance of research as an input into management practice; thus, a.know how to access, interpret and analyze data and information by using current technologies b.use the results from analyses to make informed decisions 3
7. Use office softwares for written communication, presentation, and data analysis 3
8. Demonstrate awareness that business settings present different opportunities and challenges for managers due to environmental/contextual differences that arise in economic, political, cultural, legal-regulatory domains 2
Update Date:
ASSESSMENT METHODS and CRITERIA
| Percentage (%) | |
| Midterm | 60 |
| Individual Project | 10 |
| Homework | 30 |
RECOMENDED or REQUIRED READINGS
| Textbook |
Managerial Accounting, Global Edition, 4e, MyAccountingLab with eText |