The purpose of the science studingis to provide students with the knowledge and skills concerning organization and methods of management accounting.
The tasksof the science arestudying the principles and methods of management accounting, its place and role in the management process; acquiring skills to apply appropriate methods and techniques in the process of accounting, budgeting and analysis of revenues, expenditures and financial results for making effective management decisions.
Results of educational:
After studying science a student mustknow: features of the organization of management accounting and its differences from financial accounting; costs` classification and behavior; methods of cost accounting and calculation of cost of production and services (both domestic and foreign); cost accounting methods based on full, margin and standard costs; methods and technique of cost-volume-profit analysis; features of information analysis relevant to decision-making; analysis of information for making investment decisions; budgeting and control methods; the organization of accounting for responsibility centers.
After studying science a student must be able to perform grouping expenditure on various grounds and directions; determine the cost function; keep records of production costs and calculate the cost of production according to various methods; apply the cost-volume-profit analysis; analyze relevant information for decision-making; analyze information to make investment decisions; prepare financial and operational budgets; organize accounting for activity of the responsibility centers.
The content of scienceis revealed in the following topics: The purpose, content and organization of management accounting. Costs`classification and behavior.Absorptioncostingmethod. Marginalcostingmethod. Standard costingmethod. Accounting and control of responsibility centers`performance. Budgeting and controlofrevenue,cost and financial results of the company.Cost-volume-profit analysis.Аналіз релевантності інформації для прийняття поточних управлінських рішень. Аналіз інформації для прийняття інвестиційних рішень.Analysis of information relevant tocurrent decision making. Analysis of information for investment decisions.