Course Description

Course Name

Cost and Management Accounting

Session: VDNS3121

Hours & Credits

18 Credit Points

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.


Understanding cost and management accounting information, with an emphasis placed upon issues of planning and control of organisation, including budgeting and performance evaluation, relevant costs for decision making and pricing.

Teaching Arrangements
This paper is taught through lectures and seminars.

Course Structure
To provide students with an understanding of, and ability to produce, cost and management accounting information that is used in planning and control of organisations. Particular emphasis is placed on mastering the topics of budgeting, variances and performance evaluation, relevant costs for decision making, pricing, treatment of overhead and allocations, and considering the influence that human behaviour and strategic direction have on those processes and the use of this cost accounting information.

Core topics are:
1. Relevant costing
2. Cost allocation
3. Budgeting and standard costing
4. Cost ? volume ? profit analysis
5. Strategic and behavioural management

Learning Outcomes
- An understanding of and ability to calculate and apply the costing techniques
- Understanding of the interrelationship of these costing techniques with other business functions (e.g. marketing, human resource management, strategy) and their role in real organisations
- Problem-framing and analytical skills, information seeking and retrieval skills, problem solving skills
- Critically evaluate a previously unseen organisational situation for its cost and management accounting issues
- Formulate clear ideas about the problems and issues involved, and about any likely further information and knowledge that might be required to deal with the issues identified
- Gather the necessary information and knowledge, and re-formulate an understanding of the issues
- Apply any necessary analysis and understanding to formulate alternatives to resolve the identified issues while being aware of the strengths and weaknesses of various alternative courses of action, and to recommend a set of actions to resolve the issues
- More independence and self-direction in your approaches to learning

Cost Accounting. A Managerial Emphasis. Global 15th edition. Authors: Horngren C.T, Datar S.K and Rajan M.V. Publisher: Pearson. Two options: Hard copy only or value pack (Hard copy plus e-text & My Accounting Lab).

*Course content subject to change