IEU510 Managerial Accounting

Code IEU510
Name Managerial Accounting
Status Compulsory/Courses of Limited Choice
Level and type Post-graduate Studies, Academic
Field of study Economics
Faculty
Academic staff Nataļja Lāce, Natālija Fiļipoviča
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation The course provides conceptual and technical skills needed to manage special economic problems faced by managers. Topics include cost measurement, accumulation methods, or analysis techniques (job, process, just-in-time, standart, activity based costing, cost behaviour, cost-volume-profit analysis, contribution approach) that are relevant to various managerial decisions (productions, pricing,ect.).
Goals and objectives
of the course in terms
of competences and skills
The main goal of the study course is to give students theoretical knowledge and practical skills in management decision-making in business. Its main tasks are: to understand the management accounting functions and trends, to understand the management decision-making process, to learn about the management accounts and how to use them to make management decisions, to look at the concepts of the term “costs” used in various management accounting areas: production records, decision making, planning and control, and to be able to use them in making the management decisions, to learn the overall cost allocation methods and to understand their impact on decision making.
Learning outcomes
and assessment
Able to describe the decision making process steps and formulate the content of the stages in the specific situation. - Students have to solve the relevant tasks that are displayed in lecture materials in the ORTUS system. They are assessed by the teacher. This is an obligatory precondition to be admitted to examination.
Able to establish a management reporting system for a concrete enterprise. - Establishing a management reporting system and presenting it at the lecture. This is an obligatory precondition to be admitted to examination.
Able to define the types of costs when taking management decisions. - Students have to solve the relevant tasks that are displayed in lecture materials in the ORTUS system. They are assessed by the teacher. This is an obligatory precondition to be admitted to examination.
Able to use calculation methods in a specific situation. - Students have to solve the relevant tasks that are displayed in lecture materials in the ORTUS system. They are assessed by the teacher. This is an obligatory precondition to be admitted to examination.
Able to assess effectiveness of short- and long-term projects. - Students have to solve the relevant tasks that are displayed in lecture materials in the ORTUS system. They are assessed by the teacher. This is an obligatory precondition to be admitted to examination.
Able to establish a performance evaluation indicator system for a concrete enterprise. - Students have to solve the relevant tasks that are displayed in lecture materials in the ORTUS system. They are assessed by the teacher. This is an obligatory precondition to be admitted to examination.
Course prerequisites Business Economics

[Extended course information PDF]