Ma­na­geri­al Ac­count­ing and Com­mu­nic­a­tion

Fagets indhold

The overall purpose of this course is to learn how to understand, implement and discuss Managerial Accounting concepts and tools used to manage organizational operations in the short and long run as well as at the local and global level. Special emphasis is given to the communication of management accounting information. 

Managerial Accounting aims to give students knowledge about how companies are using Managerial Accounting as a strategic technology for control. In this context control is about using information about costs, prices, benefits, resources etc. to make decisions on a local or central level in a way to secure the best possible result for the company.  

More specifically, Managerial Accounting will address the planning and organizing of a company, with a focus on calculations, design, and implementation of performance goals, measuring and reporting, and interpretation of the achieved results. This gives the opportunity to handle practical tasks in the operation (e.g. budgeting) and to view every single task in a more overall perspective. The communication of managerial accounting information to guide managers’ decision-making is a core part of these activities. 

During the course, the following central issues will be presented and discussed:

• Introduction to accounting including basics of financial and managerial accounting terminology 
• The nature of costs and cost allocation 
• Opportunity cost 
• Organizational architecture 
• Center types 
• Budgets 
• Absorption cost and standard cost 
• Communication for Decision Making and Control