COURSE INFORMATION
Course Title: MANAGERIAL ACCOUNTING
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BUS 336 B 6 3 0 0 3 6
Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Alba Kruja , Monday 13:30-14:30
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: E 214 Wednesday 08:45-11:15
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 by the ministry of Finance in Albania, analysis and interpretation of items appearing on the financial statements; methods of financial statement analysis; assigning a project for the analysis of the financial statements of a real Albania company.
Course Objectives: Managerial Accounting is a sub-area of accounting concerned with information needed to effectively plan and control company operations and make good business decisions. Managerial accounting encompasses the whole organization, from developing strategy to day-to-day planning, marketing to sales, financing to operations. Each business-related discipline is involved: management, marketing, systems, economics, finance, and, of course, accounting. The course will be focused on profit planning, flexible budgets, capital budgeting, product pricing, performance measures and differential analysis
COURSE OUTLINE
Week Topics
1 An Overview of Managerial Accounting Course
2 Pricing
3 Pricing
4 Profit Planning
5 Preparing Master Budgets
6 Flexible Budgets and Performance Reports
7 Review before midterm exam
8 Midterm Exam
9 Standard Costs
10 Variance Analysis and Responsibility Accounting
11 Decentralization and Investment Center Performance
12 Relevant Costs for Decision Making
13 Incremental Analysis
14 Review Before Final Exam
Prerequisite(s): NA
Textbook: Brewer, Garrison, Noreen. Introduction to Managerial Accounting. Global Edition 6th Edition. McGraw-Hill Irvin Weygandt, Kiemmel, Kieso, Managerial Accounting, 6th edition, Wiley international edition
Other References: NA
Laboratory Work: NA
Computer Usage: NA
Others: No
COURSE LEARNING OUTCOMES
1 Gain an introduction to accounting techniques used by internal management to aid in planning, directing, controlling, and decision-making activities.
2 Use accounting data to identify and analyze alternatives with the purpose of making managerial choices to maximize economic benefits to a firm.
3 Develop technical skills used in problem-solving and analysis, such as measuring production process costs, budgeting, performance reporting, and efficient allocation of a firm's resources.
4 Gain experience with computerized spreadsheets and other electronic tools used in business problem-solving, budgeting, and financial analysis.
5 Obtain a working background with accounting tools as a foundation for further study in management, accounting, and other business discipline.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Business Administration (3 years) Program
1 Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics. 5
2 Apply key theories to practical problems within the global business context. 5
3 Demonstrate ethical, social, and legal responsibilities in organizations. 5
4 Develop an open minded-attitude through continuous learning and team-work. 5
5 Use technology to enable business growth and sustainability. 3
6 Analyze data to make effective decisions. 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Final Exam
1
50
Other
1
15
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 4 64
Mid-terms 12 1 12
Assignments 0
Final examination 17 1 17
Other 1 9 9
Total Work Load:
150
Total Work Load/25(h):
6
ECTS Credit of the Course:
6