Management Accounting

Basics of Financial statements.

The topics are presented in a expository style, using clear examples and encouraging students reflection and discussion. The students are asked to solve practical exercises, in order to consolidate, integrate and relate the concepts. To improve the knowledge about real industrial firms in this domain, students have to make a study of an industrial company, focusing on the description of the production system and the industrial cost accounting.

Management accounting is essential to control and measure organizational performance and assist the decision making process.

The aim of the course is the preparation and interpretation by student of relevant information on the management accounting field, especially cost control and budgeting.

At the end of this course students should be able to:

• Interpret the main financial statements.
• Understand the usefulness of management accounting.
• Understand different types of costs and their behavior.
• Understand the differences between the various costing systems
• Apply properly the main methods of determining the product cost in different industries.
• Work with standard costing.
• Understand the budgeting process and the variance analysis.
• Evaluate various alternatives and justify the proposed solutions.
• Prepare a written report and an oral presentation in a clear way, working in a group.

1. Financial Statements

Economic and financial flows. Balance Sheet, Income Statement and Cash-flow statement. The limitations of financial information.

2. Financial and Management accounting.

Cost classification and cost behavior. The cost of products and its components. Production overheads allocation. Costing systems: job and process costing. Cost centers method. Activity-based costing. Joint production costing. Spoilage, Rework and Scrap.

3. Budgeting and control.

Standard costing and variance analysis.

4. From tableau de bord to Balanced Scorecard.

NAO

• Almeida, Rui; Dias, Ana e Carvalho, Fernandes (2009). SNC explicado: o novo sistema de normalização contabilística, ATF – Edições Técnicas, Lisboa. (2A-9-21)
• Atrill, P. e McLaney, E. (2006). Accounting and finance for non-specialists, Prentice Hall, 5th ed. (2A-9-11)
• Caiado, P. (2008). Contabilidade analítica e de Gestão, Áreas Editora, 4ª ed. (2A-9-18)
• Drury, C. (2000). Management and cost accounting, Thomson Learning, cop., 5th ed. (2A-9-10)
• Ferreira, R. F. (2007). Contabilidade para não contabilistas, Almedina, 2ª ed. (2A-9-14)
• Franco, V. (2005). Contabilidade de Gestão I – O Apuramento dos Custos e a Informação de Apoio à Decisão, Publisher Team, Lisboa. (2A-9-13)
• Franco, V.  (2008). Temas de Contabilidade de Gestão – Os custos, os resultados e a informação para a Gestão, Livros Horizonte, Lisboa. (2A-9-12)
• Jordan, H.; Neves, J. C. e Rodrigues, J. A., O Controlo de Gestão ao Serviço da Estratégia e dos Gestores Controlo de Gestão – ao Serviço da Estratégia e dos Gestores, Áreas Editora, 7ª ed., 2007. (2A-9-14)
• Saraiva, A.; Rodrigues, A.; Coimbra, C.; Correia, E.; Fantasia, M. e Nunes, R. (2019). Contabilidade de gestão: métodos de custeio e valorização de inventários, Almedina, Coimbra. (2A-9-31)
• Saraiva, A; Rodrigues, A.; Coimbra, C. Correia, E., Fantasia, M. e Nunes, R. (2019). Contabilidade de gestão: métodos de custeio e valorização de inventários: Exercícios, Coimbra: Almedina. (2A-9-32)