Formation/Cours

At the end of the course, the student should be able to :Regarding costs:
• Identify the purpose of a business (its missions) and discuss the issues to be considered when setting the financial aims and objectives of a business.
• Explain the role of management accounting within a business and describe the key qualities that management accounting information should possess.
• Explain the changes that have occurred over time in both the role of the management accountant and the type of information provided by management accounting systems
• Define and distinguish between relevant costs, outlay costs and opportunity costs.
• Identify and quantify the costs that are relevant to a particular decision. (AACSB-LO3.A)
• Use relevant costs to make decisions. (AACSB-LO4.A)
• Set out relevant cost analysis in a logical form so that the conclusion may be communicated to managers. (AACSB-LO3.A)
• Deduce the full (absorption) cost of a cost unit( AACSB-LO5.C)
• Discuss the problems and the usefulness of full (absorption) cost information to managers.
• Describe the nature of the modern product costing and pricing environment. (AACSB-LO5.C)
• Discuss the principles and practicalities of activity-based costing. (AACSB-LO7.A)
• Explain how new developments such as total life cycle costing and target costing can be used to manage product costs. (AACSB-LO1.B)
• Explain the theoretical underpinning of pricing decisions and discuss the issues involved in reaching a pricing decision in real-world situations. (AACSB-LO7.A)
• Discuss the nature and role of strategic management accounting. (AACSB-LO7.D)
• Explain how management accounting information can help a business gain a better understanding of its competitors and customers. (AACSB-LO7.D)

Introduction to Management and Costs Accounting and Ethics of the Profession

I. Relevant costs for decision making
• Typologies of costs
• Relevance in short and long term decision making
• Full costing (absorption costing)

II. Costing and pricing in a competitive environment
• Activity Based Costing
• Target Costing
• Quality Costing

Conclusion: Costs Systems, Management Control and Performance Measurement