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RNCP 40257 · Business Management

ADVANCED MANAGERIAL ACCOUNTING

BUS 517 — Semester III

Course CodeBUS 517
TypeC
ECTS7.5
SemesterIII

Course Description

Decision making implications of information provided by accounting theory; contemporary problems in reporting of financial statements; presentation format of financial statements as required under Belgian and EU financial reporting standards (IFRS/Belgian GAAP), analysis and interpretation of items appearing on the financial statements; method of financial statement analysis; assigning a project for the analysis of the financial statements of a real Belgian company.

Course Objectives

Managerial accounting collects and analyzes data which help executives during decision making process. In turn this course contains costing systems and concepts, emphasizes differences between internal accounting and external (financial accounting).

Course Outline

WeekTopics
1Introduction to Managerial Accounting and Cost Concepts
2Job-Order Costing System
3Process Costing System
4Process Costing System
5Cost Behavior: Analysis and Use
6Cost Behavior: Analysis and Use
7Review session
8Cost-Volume-Profit Relationships
9Cost-Volume-Profit Relationships
10Profit Planning
11Profit Planning
12Standard Costs
13Standard Costs
14Review Session

Learning Outcomes

  1. Able to measure and report intellectual capital
  2. Decentralization
  3. Transfer pricing
  4. Balanced Scorecard & Non-financial Performance Measurements
  5. Knowledge in Responsibility Accounting
Assessment
MethodQty% Each
Project150
Final Exam150
Textbooks

Brewer, Garrison, Noreen, Introduction Managerial Accounting, McGraw-Hill international edition

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