Strategic Management Accounting

Base Knowledge

Basic concepts of Management Accounting

Teaching Methodologies

An expository methodology of the main concepts and theoretical foundations will be used, accompanied by the resolution of practical cases, thus allowing students a better understanding of its application to cost management in organizations.

Learning Results

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 management perspective of organizations, bearing in mind the current context of change and turmoil, and the economic, social, environmental and human aspects of accounting, namely in a dynamic perspective of changing the behavior of organizational elements and teams.

SKILLS 

Master’s students must identify the information needs in the context of Management Accounting and know how to produce continuous or punctual information that allows for 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 teamwork.

Program

1. MANAGEMENT COSTS
1.1. Management Accounting and Cost Management.
1.2. Nature of Cost Management – functions of management and cost management.
1.3. New trends in Management Accounting.

2. MANAGEMENT COSTS FOR PLANNING, DECISION AND OPERATIONAL CONTROL
2.1. The estimation of cost. Cost management and decision making.
2.2. Modelling of the result: Cost-Volume-Result analysis.
2.3. Control of Productivity. 

3. MODERN CONCEPTS OF MANAGEMENT COSTS
3.1. Traditional and Strategic Cost.
3.2. The current business environment and contemporary management techniques.
3.3. Activity-Based Management.
3.4. Target Costing.
3.5. KaizenCosting. Theory of Constraints.
3.6. Life–cycle Costing – the importance of Design.
3.7. Total Quality Management. Cost of quality. 
3.8. Total Quality and Process Reengineering.
3.9. Just in time ( Blackflush costing).
3.10. Costs of Time – the time as a competitive advantage.

Curricular Unit Teachers

Internship(s)

NAO

Bibliography

Main Bibliography:

  • Ferreira, Domingos et al, 2019, Contabilidade de Gestão Estratégia de Custos e de Resultados – Cost and Management Accounting, 2ª Edição, Editora Rei dos Livros;
  • Ferreira, Domingos et al, 2019, Contabilidade de Gestão Estratégia de Custos e de Resultados – Advanced Management and Managerial Accounting, 2ª Edição, Editora Rei dos Livros;
  • Drury, Colin, (2021), Management & Cost Accounting”, 11th Edition, Cengage Learning EMEA, Londres, Reino Unido.

 Aditional 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.