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Managerial Accounting

Managerial Accounting

Code: ACC2LF001
Extent: 3 cr (81 h)
Timing: Semester 4
Language: English
Level: Joint Professional Studies
Type: Compulsory
Module: Competing in Global Markets
Intregrated: International Market Research and Statistical Methods


The student has successfully completed the courses BUS1LF001 and BUS1LF002.

Learning outcomes

Upon successful completion of the course, the student

  • knows the principles and possibilities of cost accounting procedures
  • understands the principles of product costing, pricing and profitability
  • understands  the principles and possibilities of cost-volume-profit analysis
  • knows the principles of budgeting process and operational budgets
  • the student has enhanced his/her skills in the area of HH3S competences.

Course contents

  • Basic cost concepts: fixed costs vs. variable costs, direct costs vs. indirect costs
  • Accounting for direct costs and indirect costs
  • Absorption costing
  • Full costing & marginal costing
  • Activity based costing
  • Job costing and pricing
  • Cost-volume profit analysis
  • Budgeting process

Cooperation with the business community

Real business based examples and cases.

International dimension

The international accounting exercises.

Teaching and learning methods

  • Lectures and exercises
  • Independent self-study
  • Assignments
  • Mini cases

Contact hours 32 h
Independent studies 39 h
The assessment of one’s own learning 1 h

Accreditation of prior learning

Accreditation of prior learning (APL) is observed on the course according to separate instructions.

Teacher with the main responsibility for the course

Juan Borra

Course materials

Braun, K. & Tiez, W. & Harrison, W. 2010 or 2013. Managerial Accounting. Pearson Education.

Assessment criteria

Grade/Learning outcomes

1 (min 40% of
competence level)
3 (min 70% of competence level) 5 (min. 90% of
competence level)
Knowledge The student knows basic accounting principles and cost concepts. He/she identifies Cost-Volume-Profit (CVP) relationships and knows elements in budgeting. The student understands accounting tools in order to control profitability. He/she understands the budgeting process. The student fully understands the basic accounting theory and is able to apply accounting tools for controlling profitability. He/she understands the budgeting process and is able to prepare operational budgets.
Skills The student knows how to interpret a certain accounting method in the given business situation. The student is mostly able to choose and use the right accounting method in different business situations. The student is fully capable to cope with accounting problems in different decision making situations.
Competence The student is able to complete tasks only with the help of a supervisor. The student shows service and sales orientation. The student is mostly able to complete the tasks according to the agreed work plan. The student shows a good sales and service orientation. The student communicates professionally in accounting terms. He/she completes independently the tasks according to the agreed work plan. The student shows an excellent service and sales orientation.

Assessment components and their respective weights

Individually done assignments 30%
Exam 70%

The assessment of one's own learning does not influence the course grade. The assignment is the same for all courses/modules and the answers will also be used for course/module development. The assignment is completed on an E-form.