Name: MANAGEMENT ACCOUNTING I
Code: 510203006
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:
martes - 10:00 / 12:00
EDIFICIO CIM - FCCE, planta 1, Despacho 130
jueves - 09:00 / 10:00
EDIFICIO CIM - FCCE, planta 1, Despacho 130
Tutorials will be carried out by request of the student sending an email to emma.garcia@upct.es
Qualifications/Degrees:
Academic rank in UPCT: Catedrática de Universidad
Number of five-year periods: 5
Number of six-year periods: 4 de investigación
Curriculum Vitae: Full Profile
Responsible for the groups: G1
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)
MANAGEMENT
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") under the "Act in an Emergency" section, "Technical Guides" tab, 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, in the "Act in an Emergency", sectionrecommendations 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
Lectures and problem-solving sessions aimed at developing the theoretical and practical contents of the course through examples and case studies.
33
100
Class in the field or open classroom (technical visits, lectures, etc.).
Participation in seminars, guest lectures and other complementary activities related to management accounting.
8
100
Continuous assessment activities during class hours.
Continuous assessment activities carried out during class time, including tests, exercises and case studies.
4
100
Final and ongoing assessment activities outside class hours.
Assessment activities conducted outside regular class hours, including final and recovery examinations.
2
100
Tutorials
tutorials with the professor to discuss doubts
4
50
Student work: study or individual or group work
Student work: individual or group study, preparation of exercises and case studies, and autonomous learning activities
61.5
0
Spoken or written exams
The examinations consist of multiple-choice and practical questions. The final mark of each examination is calculated as 40% test questions and 60% practical exercises.In the
test three questions wrong take one right.
Exam 1 (Lessons 1-3): 37.5%
Exam 2 (Lessons 4-5): 37.5%
75 %
Participation and involvement in the teaching-learning process
Excel and case studies done at class
15 %
Presentation and defence of assignments
Practical activities and tests done at class
10 %
The subject will be assessed through two midterm exams, each worth 37.5% of the final grade, and a set of in-class activities worth 25% in total. Each exam will include theoretical and practical questions.
The final assessment will maintain correspondence with the continuous assessment activities in order to allow students to recover unsatisfactory learning outcomes or improve their grades, where applicable.
The final assessment will consist of activities equivalent to those used in continuous assessment, allowing students to recover the corresponding learning outcomes. The weighting and grading criteria will be the same as in the continuous assessment system.
Author: HORNGREN
Title: Cost Accounting. A Managerial Emphasis.
Editorial: 14 Edition, Pearson Educational International, Prentice Hall.
Publication Date: 2017
ISBN:
Author: Garrison
Title: Managerial Accounting.
Editorial: McGrawHill
Publication Date:
ISBN: