This is main course of managerial accounting. During lectures and practices students will learn to understand the importance of accounting information, which is main input for corporate decisions regarding new product development, pricing strategy, performance evaluation, etc. This course covers cost accounting, which provide main data to management accounting, and management accounting, which concerned with the measurement information to managers. Management accounting course combines theory with practical examples, using case discussions and simulations, exercises. Course starts with the general overview of cost and management accounting, introducing basic terms and concepts. The next building block consists of presentation of different costing systems. The last part of the course deals with planning, control and performance measurement issues in the companies.