Courses Bachelor Display 2023-2024

Course Description To PDF
Course title Accounting for Managerial Decision Making
Course code EBC2164
ECTS credits 6,5
Assessment Whole/Half Grades
Period Start End Mon Tue Wed Thu Fri
1 4-9-2023 20-10-2023 X X
Level Intermediate
Coordinator Katlijn Haesebrouck
For more information:
Language of instruction English
* Identifying what the costs of different business activities are
* Decision making using cost-benefit guidelines. What is the most profitable way of organizing my business? What kind of information is relevant for certain decisions, and which kind is not?
* Analyzing why cost-benefit estimations do not turn out to be as planned (Budgeting and variance analysis). Where did we go wrong and who is responsible for it?
This course deals with accounting for managerial decision making and addresses three areas: (1) cost accounting, (2) decision-making, and (3) planning and evaluation. In cost accounting, we study how different sorts of costs can be related to business activities, which is often not straightforward. The next area, decision-making, helps to attach a “financial meaning” to actions and outcomes, in order to make decisions that affect firm profitability in the most positive way. Finally, in planning and evaluation, we will address the use and analysis of budgets, and focus on how plans are accounted for.
* Drury, Management and Cost Accounting, 11th edition, Cengage.
Students are expected to be familiar with the main concepts of financial accounting, such as financial statements and cost versus accrual accounting from the first year accounting course.
Teaching methods (indicative; course manual is definitive) PBL / Presentation / Lecture / Assignment
Assessment methods (indicative; course manual is definitive) Attendance / Participation / Written Exam / Assignment / Presentation
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Economics and Business Economics - Emerging Markets Year 2 Elective Course(s)
Bachelor Economics and Business Economics - International Business Economics Year 2 Compulsory Course(s)
Bachelor Fiscal Economics Year 2 Compulsory Course(s)
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