2-900-13A.H2018 - Management Accounting


This course is an introduction to management accounting.

Management accounting's main objective is to supply information to managers that will enlighten them in their decisions, whatever their position in the organisation. Therefore, it is an integral part of the information system essential to the business management. This type of accounting provides, to various managers, financial and non-financial information that is useful for decision making and likely to improve the actual management planning and control activities.

The first part of this course is dedicated to decision making. As for the second part, it concentrates on planning, control and financial and non-financial performance evaluation of the business.


After following this course, the student will be able to:

  • describe management accounting, that is the role of financial and non-financial information in decision making and management;
  • understand the different cost concepts;
  • determine the manufacturing cost;
  • have awareness of activity-based costing;
  • calculate margins and use them in decision making contexts;
  • do the calculations necessary to a cost-volume-profit analysis and interpret the results;
  • understand the role of budgets in planning and control as well as prepare the budgets;
  • manage cash-flow;
  • distinguish the different approaches to management control as well as master the classic budgeting tools such as variance analysis;
  • measure the financial performance of an organisation;
  • evaluate the financial and non-financial performance of an organisation;
  • have awareness of the management scorecard.

Learning Strategy

To succeed in this class, students must particularly:

·       do the suggested reading ;

·       do many  exercises on each topic;

·       attend to class;

·       attend to the practical workshops. 

The class is based on problem solving. The exams (midterm and final) will consist of problems similar to the book or course website’s most advanced problems. It is expected that students prepare adequately for each class by doing, prior to class, the mandatory reading indicated in the course outline and by bringing in class all the necessary teaching documents such as class notes, exercises used in class and other documents used by the teacher. These various documents are available under the Resources during session » folder. 

The course provides (4) practical workshops (2 before the midterm and 2 after the midterm) which allow students to evaluate their level of knowledge acquired.