Course Title

Management Accounting I

Code

АCC 220

Professor

Marina Trpeska, Ph.D.

The course Management Accounting I has been accredited by ACCA (Association of Chartered Certified Accountants). Accreditation brings great benefits to the students of the Faculty of Economics – Skopje. Thanks to the accreditation, they can receive exemptions from ACCA papers during their studies, thus greatly accelerating their path to ACCA membership.

Course objectives (competencies):

After completing this course, students should be able to:

• Understand the role of Cost Accounting within the accounting system and beyond;
• Specify the basis for differentiating costs;
• Analyze cost-effectiveness, production volume, and profit;
• Differentiate methods of cost accounting;
• Understand the need for cost allocation;
• Understand the job and process costing;
• Understand the meaning of terms related to cost accounting;
• Understand the contents and the basic differences between the absorption method and the variable cost method.

Course content:

1. Management accounting within the accounting system;
2. Types of costs;
3. Cost behavior;
4. Cost-Volume-Profit Analysis;
5. Relevant information for pricing decisions;
6. Job costing and process costing;
7. Cost allocation;
8. Activity Based Accounting;
9. Absorption and Variable method.