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Presentation
Presentation
The course aims at the conceptual study and practical application of cost accounting or analytics in organizations as a subsystem of the management information and control system. Its scope is the economic structure of an organization, identifying the segments (products, services, result centers, etc.) that create value and those that have an unfavorable contribution. The emphasis is on its contribution to providing economic information to managers to make more rational decisions. The scope is similar to "Costs I" UC, but the conceptual approach is focused on budgetary control and performance evaluation. The focus of this UC is to provide tools to systematically control the degree of goal achievement, conduct analysis and interpretation, and hold individuals accountable.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Bachelor | Semestral | 6
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Year | Nature | Language
Year | Nature | Language
2 | Mandatory | Português
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Code
Code
ULHT72-3108
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Prerequisites and corequisites
Prerequisites and corequisites
Not applicable
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Professional Internship
Professional Internship
Não
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Syllabus
Syllabus
1- Activity-Based Costing (ABC) 2- Standard Costs 3- Fundamental Aspects of Budget Management 4- The Company's Main Budgets 5- Budgeted Costing System and Budget Control/Management. The Main Variances 5.1 - Budget Control and Management. Analysis and Interpretation of Variances.
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Objectives
Objectives
Learning Objectives (LO) - By the end of this course unit, the student should: LO1 - Understand the relevance of cost accounting for organizational management. LO2 - Calculate and analyze the main outputs that can be generated by cost accounting. LO3 - Understand the effects of adopting different costing systems (ABC costing, standard costing, and budgeted costing). LO4 - Explain the contribution of cost accounting to the control of goal achievement.
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Teaching methodologies
Teaching methodologies
1. Use of Digital Tools: The use of digital tools, such as Microsoft Excel and Power BI, will be integrated into the activities of analyzing production cost information. Students will learn to analyze and interpret cost data using Excel for more detailed analyses. Additionally, Power BI will be utilized for creating interactive and visually appealing reports that enable cost control. 2. Project-Based Learning: Autonomous case-based projects will be developed throughout the course, involving the practical application of the covered concepts. 3. Multimedia Resources: Access to digital resources to complement learning outside the classroom.
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References
References
Isabel Cruz, Cláudia Coimbra, Luís Abrantes, Maria do Céu Alves, Patrícia Quesado (2023). Contabilidade de Gestão Avançada - Gestão Estratégica de Custos e Avaliação do Desempenho. Almedina. FERREIRA, Domingos- CONTABILIDADE DE GESTÂO-Estratégia de Custos e de Resultados. 1ªedição, 2014 Bhimani, A., Horngren, C.T., Datar, S.M. and Rajan, M. (2019) Management and Cost Accounting, 6th Edition, Pearson. Drury, C. (2021) Management and Cost Accounting, 11th Edition, South-Western / Cengage Learning.
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Assessment
Assessment
1) Avaliação Contínua:
§ Participação e Assiduidade (10%)
§ 1º Teste (45%)
§ 2º Teste (45%)
2) Avaliação através de Exame Final 100%A participação e assiduidade dos alunos serão avaliadas ao longo do semestre e terá em
consideração a presença, esforço (resolução de exercícios) e pontualidade. Os alunos em avaliação
contínua não poderão faltar mais de 25% das aulas totais.Se os alunos não efetuarem um dos testes ou fichas terão nota igual a 0 valores (em 20) nesse teste
ou ficha.A nota final de avaliação contínua é resultante da média ponderada dos diversos elementos de
avaliação (de acordo com as ponderações definidas), sendo aprovados os alunos que obtenham
nota final igual ou superior a 9,5 valores (em 20). Os alunos que não obtenham aprovação na
avaliação contínua (nota final de avaliação contínua inferior a 9,5 valores (em 20)) terão de efetuar
o Exame Final.
O Exame Final (1ª ou 2ª Época) incluirá a matéria de todo o semestre. Se a nota final deste exame
for inferior a 9,5 valores (em 20) o aluno reprovará à disciplina / unidade curricular.O Exame Final representará a totalidade da nota final, abrangendo, igualmente a totalidade
do conteúdo programático.
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Mobility
Mobility
No
