Name: MANAGEMENT ACCOUNTING I
Code: 510103008
Type: Compulsory
ECTS: 4.5
Length of subject: Per term
Semester and course: 3rd Year - First term
Speciality:
Language: English
Mode of study: On-site class
Lecturer data: GARCÍA MECA, MARÍA EMMA
Knowledge area: Economía Financiera y Contabilidad
Department: Economía, Contabilidad y Finanzas
Telephone: 868071040
Email: emma.garcia@upct.es
Office hours and location:
Qualifications/Degrees:
Academic rank in UPCT: Catedrática de Universidad
Number of five-year periods: 4
Number of six-year periods: 3 de investigación
Curriculum Vitae: Full Profile
[CB5 ]. Students are required to show they have developed those learning skills necessary to undertake further studies with a high degree of autonomy.
[CG4 ]. To plan, organize, decide and control the different areas of business management, applying advanced strategic management systems.
[CE20 ]. To design and develop information systems for decision making using different models and methods of management accounting.
[CT3 ]. Learning in an autonomous way
Examine the economic information to determine the components of the cost
Determine the model for the treatment of the information based on the organization of the processes
internal
Analysis of joint processes for cost allocation and decision making
Financial accounting - Management accounting - Cost accounting. Differences between expense, cost, payment and investment. Classifications of costs: by nature, by function, direct and indirect costs, product and period costs, variable and fixed costs, opportunity costs, historic and current/standard/replacement costs, other types of costs. Costing methods. Job costing system
Chapter 1. Managerial Accounting: an overview
1.1. Financial accounting and management accounting
1.2. Strategy and management accounting
1.3. Management accounting and value
1.4. A five step decision in planning and control
1.5. Management accounting guidelines
Chapter 2. Classification and cost concepts
2.1.Costs terminology
2.2.Direct costs and indirect costs
2.3.Variable costs and fixed costs
2.4.Cost drivers
2.5.Inventoriable costs and period costs
2.6.Opportunity and sunk costs and other cost considerations
Bibliography: Horngren (chapter 2) and Garrison (chapter 2)
Chapter 3. Job costing
3.1.Job costing and process costing
3.2. General approach to job costing
3.3. Underapplied and overapplied overhead
Bibliography: Horngren (chapter 4) and Garrison (chapter 3)
Chapter 4. Process costing
4.1. Definition of Process costing
4.2. Five steps process costing allocation
4.3. Weighted average process costing method
4.4. First in First out process costing method
4.5. Transferred-in costs
Bibliography: Horngren (chapter 17) and Garrison (chapter 4)
Chapter 5. Cost allocation: Joint products and byproducts
5.1. Approaches to allocating joint costs
5.2. Choosing an allocation method
5.3. Accounting for byproducts
Bibliography: Horngren (chapter 16)
The five lessons have different exercises, tests and case studies
Promoting the continuous improvement of working and study conditions of the entire university community is one the basic principles and goals of the Universidad Politécnica de Cartagena. Such commitment to prevention and the responsibilities arising from it concern all realms of the university: governing bodies, management team, teaching and research staff, administrative and service staff and students. The UPCT Service of Occupational Hazards (Servicio de Prevención de Riesgos Laborales de la UPCT) has published a "Risk Prevention Manual for new students" (Manual de acogida al estudiante en materia de prevención de riesgos), which may be downloaded from the e-learning platform ("Aula Virtual"), with instructions and recommendations on how to act properly, from the point of view of prevention (safety, ergonomics, etc.), when developing any type of activity at the University. You will also find recommendations on how to proceed in an emergency or if an incident occurs. Particularly when carrying out training practices in laboratories, workshops or field work, you must follow all your teacher's instructions, because he/she is the person responsible for your safety and health during practice performance. Feel free to ask any questions you may have and do not put your safety or that of your classmates at risk.
Class in conventional classroom: theory, problems, case studies, seminars, etc
classes of lessons 1 to five
resolution of practical exercises in class
Competencias relacionadas: CG4, CE20, CB5
Rdos aprendizaje: todos
40
100
Assessment activities (continuous assessment system)
tests activities and practical exercises
Competencias relacionadas CT3
Rdos aprendizaje: todos
5
100
Tutorials
tutorial classes in groups
Competencias relacionadas: CE20
Rdos aprendizaje: todos
10
50
Student work: study or individual or group work
preparation of the exercises and case studies
time dedicated to study management accounting 1
Competencias relacionadas CT3
Rdos aprendizaje todos
57.5
0
Spoken or written exams
There are 2 exams of the subject with theoretical and practical questions. Exam 1: lessons 1-3. Exam 2: lessons 4 and 5.Each exam value 50% of the score assigned to the exams (75%).
The weights are 40% (test) and 60% (practical). It is needed to have a total assessment of at least 4 points in the exams (theory and practice together) to pass them (0.4T+0.6P>=4). In the test three questions wrong take one right.
Competencias relacionadas: CB5, CG4 y CE20
Rdos aprendizaje: todos
75 %
Participation and involvement in the teaching-learning process
Participation in class activities and tests
Competencias relacionadas: todas
Rdos del aprendizaje: todos
15 %
Evaluation of assignments and reports on practical sessions (final product, follow-up and contribution in the case of group work)
Assignment of activities per lesson. This included the 15% of the score of PI activity
Competencias: CB5, CT3
Rdos aprendizaje: todos
10 %
Spoken or written exams
Exam of the subject with theoretical and practical questions. Same criteria to pass the exam than in SEC. There are two parts (test and practice) equivalent to the SEC exams and the same specific penalization for the test.
The parts of the continuous evaluation system where the minimum required grade is achieved (4 points) will be saved in the final exam for both the June and July calls unless the student expressly renounces.
This final exam assesses all learning outcomes.
Competencias relacionadas: CB5, CG4 y CE20
Rdos aprendizaje: todos
75 %
Participation and involvement in the teaching-learning process
Those students who have not completed continuous evaluation will answer some additional test questions in the final exam.
Competencias relacionadas: todas
Rdos del aprendizaje: todos
15 %
Evaluation of assignments and reports on practical sessions (final product, follow-up and contribution in the case of group work)
Those students who have not completed continuous evaluation will answer some additional test questions in the final exam.
Competencias: CB5, CT3
Rdos aprendizaje: todos
10 %
Author: HORNGREN, C.T., DATAR, S.M., FOSTER, G., RAJAN, M. and ITTNER,
Title: Cost Accounting. A Managerial Emphasis
Editorial: Pearson Educational International
Publication Date:
ISBN:
Author: RAY H. GARRISON, ERIC W. NOREEN, PETER C. BREWER
Title: Managerial Accounting
Editorial: McGrawHill.
Publication Date:
ISBN: