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Presentation
Presentation
Management accounting information creates value for all types of organizations, including those in the private sector, nonprofits, nongovernmental organizations, and public-sector agencies. These diverse organizations have one thing in common: the need to implement a strategy that delivers long-term value to their stakeholders. Implementing a strategy requires making decisions aligned with strategic goals, continuously improving critical processes, motivating and aligning employees with organizational objectives, and innovating to develop new products and services. This curricular unit aims to explain, analyze, and discuss critical management accounting concepts and tools for evaluating and managing organizational performance, supporting strategy implementation, and providing sustainable value creation.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Master Degree | Semestral | 6
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Year | Nature | Language
Year | Nature | Language
1 | Mandatory | Português
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Code
Code
ULHT6233-5023
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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
S1. Basic concepts S2. Elements of strategic control - The BSC S3. Management accounting and decision-making S4. Elements of financial control S5. Activity-based costing S6. Elements of customer control S7. Elements of process control S8. Elements of innovation control S9. Management control systems
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Objectives
Objectives
The student at the end of the course unit should be able to: LO1: Understand the role of management accounting within the strategic management process. LO2: Develop a BSC; LO3: Understand how management accounting information supports important management decisions; LO4: Understand and apply concepts and tools of financial control; LO5: Understand how traditional cost systems distort product costs; Design an activity-based cost system that directly traces resource and activity costs to products. LO6: Measure and interpret accounting information of customer profitability; Calculate customer lifetime value; LO7: Explain the concept of the cost of quality; Explain kaizen costing; Discuss the various kinds of benchmarking approaches; LO8: Describe the total-life-cycle costing approach for managing product costs; Explain target costing; Identify environmental costing issues; LO9: Understand the main aspects and the determinants of a management control system.
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Teaching methodologies and assessment
Teaching methodologies and assessment
The following teaching methodologies (TM) will be used: TM1 - Expositional: presentation of the concepts and techniques related to the syllabus contents. TM2 - Participative: analysis and resolution of cases; business simulation. TM3 - Self-study: utonomous work by the student.
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References
References
Atkinson, A., Kaplan, R., Matsumura, & E., Young, S. (2020). Management Accounting: Information for Decision-Making. 7th edition. Cambridge Business Publisher. ISBN: 978-1618533517.
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Office Hours
Office Hours
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Mobility
Mobility
No
