Managerial AccountingCourse AnnotationThe academic discipline "Managerial Accounting" is one of the core disciplines in the comprehensive training of specialists in the field of "Accounting and Taxation" (specialty 071) at the first (bachelor's) level of higher education. The course focuses on studying the following: the system of relationships between revenues, expenses, and financial results of an enterprise's activities and its structural units (responsibility centers); the procedures for applying various systems and methods of calculating the cost of production and services; tools for forming accounting and analytical support for decision-making; budgeting methods and evaluating the results obtained. The knowledge gained will enable students to build an effective system to meet the informational needs of enterprise management in the context of modern business operations. Course ObjectiveThe objective of studying the course is to develop student's knowledge of the conceptual foundations of managerial accounting and provide them with theoretical foundations and practical skills for building and organizing managerial accounting within an enterprise. It also aims to equip students with the fundamental methodological approaches for collecting and analyzing the information necessary for planning, managing, evaluating, and controlling the results achieved. The task of the DisciplineThe course's objectives are to enable students to master the principles and methods of managerial accounting, to ensure the acquisition of approaches used in organizing management accounting, and to form an understanding of the system of financial responsibility centers and the basics of budgeting. Additionally, students will develop the skills to apply technical and methodological techniques for collecting and processing information necessary for managers at various enterprise levels to make operational and investment decisions. The course also focuses on approaches to evaluating the results achieved and conducting variance analysis to identify the causes of discrepancies.. The Subject of the CourseThe subject of the course is the organization and methodology of accounting for revenues and expenses of an enterprise and its structural divisions (centers of financial responsibility) to provide management with relevant information aimed at enhancing the efficiency of management and improving business performance.
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