Valdymo apskaita (FIN103)

Program code:
Teaching language:
Anglų kalba
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Course goals

The aim of the course is to teach students how to accumulate, prepare, report and analyze data and information used by managers to plan, measure, assess and control business processes, assess performance and make strategic and other relevant management decisions.

Course results

  • To be able to specify main tasks of managerial accounting and explain the difference between managerial and financial accounting.
  • To be able to differentiate and analyze various costs types and their application in cost measurement, planning and performance evaluation.
  • To be able to differentiate among costing methods, calculate the cost of goods using different costing methods and identify most relevant costing methods based on the managers’ needs and business circumstances.
  • To be able to specify budget role, types and structure, prepare master budget, make budget variance analysis, identify and explain the importance of variance analysis for control function.
  • To be able to perform cost-volume-profit analysis, measure and apply relevant costs and revenues for decision making, make pricing decisions, allocate support department costs, common costs, and revenues and evaluate their influence on company’s performance.
  • To be able to specify the main tasks of strategic management accounting, differentiate company’s and divisional performance measurement and management systems, tools and measures.
  • To be able to work in teams, present work results in written form and orally, justify and defend decisions.