Advanced Management Accounting

Cost and management accounting

In expository methodology of the main concepts and theoretical foundations will be used,

In the resolution and discussion of practical cases, the active and interrogative method will be used, thus allowing students to better understand its application to strategic cost management in organizations

 Learning Objectives

 1. Support Master’s students in identifying new trends in Management Accounting.

 2. Reflect critically and in-depth on management accounting concepts and techniques, confronting the different opinions and experiences of master’s students.

 3. Sensitize students to the aspects of greatest interest in current accounting from a cost strategic management perspective of organizations, bearing in mind the current context of change and turmoil, and to the economic, social, environmental and human aspects of accounting, namely in a dynamic perspective of changing the behavior of organizational elements and teams.

 SKILLS

Upon completion of the UC, the student must obtain the following general skills:

• Capacity for analysis and synthesis and decision making;
• Critical and self-critical capacity;
• Ability to understand theory and apply it to practice;
• Abilities to work in a group.

And the following technical skills:

•  Master’s students must identify the information needs in the context of Strategic Management Accounting and know how to produce continuous or punctual information that allows an effective cost management in the company.
•  Master’s students must know how to adapt the knowledge obtained to the various sectors of activity.
•  In business terms and within the scope of strategic cost management, Master’s students must know how to obtain information, analyze it and always transmit it within a framework of team work.

1. NEW TRENDS IN MANAGEMENT ACCOUNTING

2. MANAGEMENT ACCOUNTING AND MANAGEMENT PROCESS – MANAGEMENT ACCOUNTING AS A VALUE ACTIVITY.

3. COST MANAGEMENT AND VALUE CREATION:

• Activity Based Techniques, ABC (Activity Based Cost), ABM (Activity Based Management) and TDABC (Time Driven ABC)
• Target Costing
• Kaizen Costing
• Value Engineering and Process Reengineering (BPR)
• Total Quality Management (TQM)
• JIT Systems
• Life–cycle Costing
• Internal and External Benchmarking

 4. MANAGEMENT ACCOUNTING AND DECISION MAKING

•   Behavior and Cost Estimation
• The Learning Curve (Experience)
• Cost management and decision making – the relevant cost approach
• Outcome Modeling: Cost-Volume-Result Analysis 
• TOC – Theory of Constraints

NAO

Main bibliography:

• Cruz, I; Coimbra, C; Abrantes, L.; Alves, M. e Quesado, P. (2023) Contabilidade de Gestão Avançada, Editora Almedina, Coimbra.
• Drury, Colin, (2021), Management & Cost Accounting”, 11th Edition, Cengage Learning EMEA, Londres, Reino Unido.
• Ferreira, Domingos e outros, 2019, Contabilidade de Gestão Estratégia de Custos e de Resultados – Cost and Management Accounting, 2ª Edição, Editora Rei dos Livros;
• Ferreira, Domingos e outros, 2019, Contabilidade de Gestão Estratégia de Custos e de Resultados – Advanced Management and Managerial Accounting, 2ª Edição, Editora Rei dos Livros;

Additional Bibliography:

• Burns, J., Quinn, M., Warren, E., Oliveira, J.; Management Accounting, McGraw-Hill, 2013, 1st Edition
• Blocher, E., Stout, D., Cokins, G.; Cost Management: A Strategic Emphasis, McGraw-Hill, McGraw-Hill International Edition, Nova York 2013
• Drury, Colin, (2015), Management Accounting for Business, South-Western, Cengage Learning, 2016, 6th edition or 5th , 4th edition
• Garrison, Ray H. Noreen, Eric W. e Brewer, Peter (2015), Managerial Accounting, 15th Edition, McGraw-Hill, New York.
• Hilton, R.W., Maher, M.W., Selto, F.H.; Cost Management – Strategies for Business Decisions, McGraw-Hill, 2008
• Horngren, C., Datar, S., Rajan, M; Cost Accounting. A Managerial Emphasis, Prentice-Hall International, 2012
• Saraiva, A., Rodrigues, A., Coimbra, C., Fantasia, M. e Nunes, R., (2018), Contabilidade de Gestão – Métodos de Custeio e Valorização de Inventários, 1ª edição, Editora Almedina, Coimbra.

The bibliography will be complemented by several articles directed to the different themes of the program.