Decision making implications of information provided by accounting theory; contemporary problems in reporting of financial statements; presentation format of financial statements as required under Belgian and EU financial reporting standards (IFRS/Belgian GAAP), analysis and interpretation of items appearing on the financial statements; method of financial statement analysis; assigning a project for the analysis of the financial statements of a real Belgian company.
Managerial accounting collects and analyzes data which help executives during decision making process. In turn this course contains costing systems and concepts, emphasizes differences between internal accounting and external (financial accounting).
| Week | Topics |
|---|---|
| 1 | Introduction to Managerial Accounting and Cost Concepts |
| 2 | Job-Order Costing System |
| 3 | Process Costing System |
| 4 | Process Costing System |
| 5 | Cost Behavior: Analysis and Use |
| 6 | Cost Behavior: Analysis and Use |
| 7 | Review session |
| 8 | Cost-Volume-Profit Relationships |
| 9 | Cost-Volume-Profit Relationships |
| 10 | Profit Planning |
| 11 | Profit Planning |
| 12 | Standard Costs |
| 13 | Standard Costs |
| 14 | Review Session |
| Method | Qty | % Each |
|---|---|---|
| Project | 1 | 50 |
| Final Exam | 1 | 50 |
Brewer, Garrison, Noreen, Introduction Managerial Accounting, McGraw-Hill international edition