BUDAPEST BUSINESS SCHOOL
COLLEGE OF FINANCE AND ACCOUNTANCY- FINANCE DEPARTMENT
1149 BUDAPEST, BUZOGÁNY ST. 10-12.
 / FAX: +36-1-4696697
SYLLABUS
Management Accounting
Spring Term
Course title:
Management Accounting
Course code:
Status:
Contact hours:
3
Credits:
3
Prerequisites:
Passed exam on Financial Accounting II.
Course unit leader:
Madarasiné Szirmai Andrea
Office number: A 107
e-mail address: szirmai.andrea@pszfb.bgf.hu
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Tutor(s):
Aims and learning outcomes:
The subject of Management Accounting builds on the knowledge obtained in the
Financial Accounting and gives a summary on information which need to the
management to make different decisions. The aim is to teach the student what kind
of information and data are necessary to the management, in what level these shall
be provided and which division in the business activity. The students learn the basis
of the budgetary procedures, correspondences, analysis of budgets and costs. After
learning the methods of calculations, the students will learn the book-keeping of
the whole production activity, using nature of costs, cost centres and cost objects.
It will give them a wider and deeper understanding of cost recognition and analysis.
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Course schedule
Consultations
(semester weeks)
Topic
1st – 2nd
-
3rd –4th
5th-6th
7th-8th
9th -10th
11th -12th
The aim and the roles of management accounting (MA)
Definitions of MA
Where in the organization?
Distinguish of MA and FA
Repeat the structure of income statements
Cost calculation: reasons, how, what to measure
Cost, expense, expenditure
Cost/Asset management
Classification of costs
Preparing budgets using separation of variable and fix costs
Breakeven point
Managerial costing
Planning of costs
Assignments
Analytical – ledger accounting
Calculation of costs
Control and analysis of costs
Methods of cost management
Standard costing and norms
Production costs, production process
Cost budgets
Methods of calculation of production cost
Rules on production cost in the HAR
Content of the regulation of production cost
Calculation schema
Detailed content of production cost
Recognition of costs in 5th, 6th (cost centres)and 7th (cost objects) class of
accounts
- Reconciliation of costs
- Recognition of costs in 5th, 6th (cost centres)and 7th (cost objects) class of
accounts
- Reconciliation of costs
Course policies
Students are invited for compulsory attendance on the lectures.
Assignments
1.
Oral assignments in the class: different topics and examples will be set to the student in
the classes to answer and solve them.
2.
Written exams: 2 written exams during the semester on Management Accounting
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Assessment and grading
The final mark will be composed of:
(i)
the 2 written exams on Management Accounting
(ii)
the students’ class contribution, participation in the discussions to be held connecting
to the lectures, home assignments (in a maximum 10 % of total maximum points of
the written exams)
The students will get one final mark for the written and oral exam as the mark of the
Management Accounting.
Grading of written exam: the points (percentages) corresponding to marks from 1-5.
0-60%
Fail (1)
61-69%
Pass (2)
70-79%
Satisfactory (3)
80-89%
Good (4)
90-100%
Excellent (5)
Compulsory readings
- Robert Hodge: Accounting (ISBN139781844808052, Publisher Cengage Learning,
London, March 2008)
- Larry M. Walter: Intorduction to managerial accounting (E-book)
- Larry M. Walter: Managerial and Cost Accounting (E-book)
- 2000. C: Act on Hungarian Accounting (English version)
- Class materials + readings
Recommended readings
- Pauline Weetman: Managerial Accounting, Pearson
- Leticia Gaxle Rayburn: Principles of Cost Accounting, Irwin
- Calvin Engler: Managerial Accounting, IRWIN
- http://www.cimaglobal.com/
- http://www.imanet.org/
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