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 , Tuesday 13:30-15:30
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 311 Wednesday 09:30-12:15
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 Profit Planning
4 Preparing Master Budgets
5 Flexible Budgets and Performance Reports
6 Review before midterm exam
7 Midterm Exam
8 Standard Costs
9 Variance Analysis and Responsibility Accounting
10 Segment Reporting
11 Decentralization and Investment Center Performance
12 Relevant Costs for Decision Making
13 Incremental Analysis
14 Review Before Final Exam
Prerequisite(s):
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:
Laboratory Work:
Computer Usage:
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 Economics (3 years) Program
1 Students define the fundamental problems of economics 3
2 Students describe key economic theories 1
3 Students critically discuss current developments in economics 1
4 Students appropriately use software for data analysis 1
5 Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic 1
6 Students apply appropriate analytical methods to address economic problems 4
7 Students use effective communication skills in a variety of academic and professional contexts 4
8 Students effectively contribute to group work 3
9 Students conduct independent research under academic supervision 1
10 Students uphold ethical values in data collection, interpretation, and dissemination 4
11 Students critically engage with interdisciplinary innovations in social sciences 3
12 Student explain how their research has a broader social benefit 1
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
40
Final Exam
1
60
Other
1
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