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BUA 1102 – Principles of Accounting II.
Professor: Gergely Mohl
Credits: 4
Course Description
The primary objective of accounting is to generate useful information to support decision making. Therefore the aim of the course is to create and develop the ability of the participants to prepare, use and utilise managerial accounting information in the framework of their own economic activity.
Do the products of your company generate a profit? How should you compose a product mix? What has ABC to do with accounting? How much does it cost to manufacture a product? What is the value chain? Does product quality have quantifiable costs? How to prepare a budget for a part of an organization or for a whole enterprise? Are you controlling your costs as effectively as the US Navy? How should business performance be rewarded? All essential questions in the life of a business entity and this course offers the answer to them.
At the end of the course the participants should be able to understand and use the basic and more advanced tools of managerial accounting. Theory will be illustrated through numerous examples.
The course is the continuation of previous semester' s financial accounting subject, and heavily builds on the knowledge gained there.
Required texts
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Williams – Haka – Bettner – Carcello: Financial & Managerial Accounting, 15th edition McGraw-Hill 2010
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Handouts during the semester
Recommended readings
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H. Thomas Johnson, Robert S. Kaplan: Relevance Lost – The Rise and Fall of Management Accounting, Mcgraw-Hill Professional 1991
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Thomas A. King: More Than a Numbers Game – A Brief History of Accounting, Wiley 2006
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