Objectives and competences
In this course students enhance their basic accounting knowledge with knowledge of basic methods and tools of management accounting and gain the ability to create and use accounting information in certain types of business decisions.
Content (Syllabus outline)
1. The meaning of management accounting
2. Basic characteristics of accounting information for management and tools for preparing them
3. Costs and business decisions
4. Accounting information for different types of business decisions
Learning and teaching methods
Lectures, discussion and case analysis, exercises, individual studies
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
- are familiarized with the role and importance of cost and managerial accounting in an organization
- acquire knowledge of different cost classifications for different purposes
- acquire fundamental knowledge of basic principles and methods of preparing relevant accounting information for decision making purposes
- learn how to recognize economic consequences of business decisions
- develop the skills to prepare and use relevant accounting information for certain types of business decisions
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
• are able to evaluate the importance and significance of business decision data and to select appropriate techniques for problem solving
• can identify key aspects of problem from different view points
Key/Transferable skills
Students:
• further develop skills and expertise in the use of knowledge in a specific working area
• upgrade the ability to become an autonomous learner.
• can select and manage information with minimal guidelines.
Practical skills:
Students get practical know-how in the field of preparing and use of management accounting information.
Readings
Obvezna študijska literatura (Compulsory textbooks):
- Korošec B., Horvat R.: Računovodske informacije za odločanje (študijsko gradivo). EPF Maribor, 2021.
- Korošec B., Horvat R.: Računovodske informacije za odločanje (gradivo za vaje). EPF Maribor, 2021
- Aktualna gradiva posredovana na vajah in predavanjih.
Additional information on implementation and assessment • Written exam, the written exam may be replaced by two interim tests. Regular attendance at lectures (at least 70%) is a prerequisite for taking the interim tests.
• Students may gain additional bonus points by actively participating in lectures and tutorials, which will be added to the points obtained in the written exam or interim tests (up to a maximum of 10% of the written exam).
