Lectures

Management accounting involves the identification, collection and analysis of an organisation's financial data in order to support decisions that allow the rational use of its resources. The purpose of this course is to introduce the principles and methods of management accounting and the use of accounting information to make business decisions and exercise management and control.

Upon successful completion of the course, the student will acquire the following knowledge, skills and competencies:

Knowledge: He/she is able to explain (a) the principles of Costing; (b) current costing practices for determining the best price, proper evaluation of business performance and ultimately making sound business decisions.

Skills: Be able to (a) make the necessary accounting entries to determine the operating result and the result of operations, and all stages of the accounting cycle; (b) prepare management reports for business decision making.

Competencies: Is able to analyse the accounting treatment of (a) fixed assets, (b) the (b) depreciation; (c) inventories.

Decision-making

Autonomous Work

Promoting free, creative and deductive thinking

The course is developed in 13 units, in corresponding lectures:

1.The Role of Management Accounting

2.1: Costing of Individualized Production

3.Costing Systems: the Costing Process

4.Value Analysis Systems: Activity Based Costing and Lean Accounting

5.Cost - Volume - Profit Analysis

6.The Budgeting Process

7.Elastic Budgets and Performance Analysis

8.Standard Costing and Variance Analysis

9. Short-term decision analysis

10.Capital Investment Analysis

11.Pricing Decisions, Including Cost Objectives and Transfer Pricing

12.Quality Management and Measurement

13.Investment Accounting

Language of Evaluation: greek

Evaluation method.

(a) Written progress (30%)

(b) Written work (10%)

(c) Written final examination (60%)

Including:

Short answer questions

Solving problems related to illustration of financial transactions of a business