Faculty of Economics and Social Sciences
Department of Banking and Finance

Code Name Level Year Semester
BAF 311 Managerial Accounting Undergraduate 3 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Compulsory 5 2 + 1 120 English

Instructor Assistant Coordinator
Elvisa Buljubašić, Senior Teaching Assistant Ali Coskun Elvisa Buljubašić, Senior Teaching Assistant
[email protected] [email protected] no email

This subject includes managerial accounting for non-accounting majors with the topics, such as: cost estimation, budgeting, performance evaluation, transfer price determination, production-cost systems and the analysis of investment decision making.

This course emphasizes the use of accounting information for internal planning and control purposes. The course is intended as an introduction for individuals who make business decisions and evaluate the performance of business units using data obtained from the accounting system. The course covers the vocabulary and mechanics of cost accounting, basic issues involved in the design of a cost accounting system, and the role of management accounting in decisions concerning resource allocation and performance evaluation.

  1. Introduction to Managerial Accounting
  2. Cost Volume Profit Analysis
  3. Cost Volume Profit Analysis
  4. Variable and Absorption Costing
  5. Segment Reporting
  6. Master Budget and Profit Planning
  7. Master Budget and Profit Planning
  8. Midterm Exam
  9. Flexible Budgets
  10. Standard Costs and Variance Analysis
  11. Standard Costs and Variance Analysis
  12. Differential Analysis, Decision Making and Relevant Information
  13. Differential Analysis, Decision Making and Relevant Information
  14. Pricing Decisions and Cost Analysis
  15. Preparation for Final Exam


    • Interactive Lectures
    • Practical Sessions
    • Excersises
    • Problem solving
    Description (%)
    Method Quantity Percentage (%)
    Midterm Exam(s)130
    Final Exam150
    Total: 100
    Learning outcomes
    • Identify the limitations of traditional cost calculation systems
    • Determine budget and plan cash flows
    • Calculate costs according to activities and according to the managing activity
    • Make appropriate business decisions according to relevant costs and income
    • Exercise managerial control and manage systems
    • Cost Accounting, A Managerial Accounting, 12 Edition, Charles T. Horngren, Srikant M. Datar and Madhav V. Rajan. 2012. Prentice Hall International.

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)15230
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)15115
    Midterm Examination (1 week)122
    Final Examination(1 week)133
    Preparation for Midterm Examination13030
    Preparation for Final Examination14040
    Assignment / Homework/ Project 0
    Seminar / Presentation 0
    Total Workload: 120
    ECTS Credit (Total workload/25): 5