Management Accounting

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Management Accounting

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Accounting, Business, Business Administration, Business Management, Economics

  • Language Level

    Taught In English

  • Prerequisites

    STUDENTS ARE REQUIRED TO HAVE COMPLETED
    Introduction to Accounting

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    COMPETENCES AND SKILLS THAT WILL BE ACQUIRED AND LEARNING RESULTS.
    Knowledge:
    - To learn the main instruments of management accounting for the decision making
    - To understand the utility and scope of these tools
    - To apply the instruments to any new firm
    - To analyze and evaluate the results obtained through these models (causes and consequences)

    Skills:
    - Ability to make decisions
    - To achieve the result by autonomous ways.
    - Flexibility to fit the different models to the business reality

    Attitudes:
    - Ethical behavior in accounting

    DESCRIPTION OF CONTENTS: PROGRAMME
    1. Introduction to the management accounting
    2. Basic concepts
    3. Income statement types (Absortion and variable costing)
    4. Cost-Volume-Profit analysis
    5. Job and Process costing
    6. ABC and Sections
    7. Pricing decisions (Target costing)
    8. Budgets (Operational and Financial)

    LEARNING ACTIVITIES AND METHODOLOGY
    Students as future decision maker managers will be users of management accounting standars. In this way, the target of this course is train students to analyze and understand the informs on costs of products, sections, responsibility areas, etc. Students at the end of this course will know the targets, basis of management accounting systems, characteristics of their design and different types of uses in planning and control.

    The methodology of teaching-learning for applying has three components:

    1) Learning development through theory classes given by the lecturers.
    2) Technical skills development through exercises solving by the student, and explained and discussing in the classroom.
    3) Solution and problems detection skill through the resolution of cases (exercices without unique or numerical solution).

    ASSESSMENT SYSTEM

    The final grade will be composed of:

    40% 2 Midterm Exams
    60% Final Exam. It is necessary to obtain a minimum of 5.

    IMPORTANT NOTE: The students that have coursed simultaneously Cost Management in the Degree on
    Accounting and Finance will obtain a zero in Accounting Management

    % end-of-term-examination: 60
    % of continuous assessment (assigments, laboratory, practicals?): 40

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.