Description

Theory
1

Theory/Practice
2

Instructors

Carlos Lourenço Moreira de Barros

Contents

CP1 - Introduction to Cost Accounting
CP2 - Main concepts of Cost Accounting
CP3 - Components of production cost
CP4 - Determination of production cost
CP5 - Introduction to Budget Management
CP6 - Forecasting methods
CP7 - Operational (departmental) budgets
CP8 - Budgetary control and variance analysis
CP9 - Introduction to the economic evaluation of investment alternatives
CP10 - Investment budgeting
CP11 - Financing
CP12 - Forecast financial statements
CP13 - Investment appraisal criteria

Learning Outcomes

With the frequency and approval to this course students are able to:
O1 - Develop habits of critical thinking and skills in research, synthesis, structuring, and presentation of information.
O2 - Introduce students to the field of management accounting and, in particular, to the analysis of industrial costs, covering the concepts of expenditure and cost object, costing methods and levels, as well as cost classification.
O3 - Understand the topic and the process of cost and price formation within the company.
04 - Acquire basic knowledge of budget management, focusing on its instrumental role in planning and budgetary control.
05 - Be able to calculate finished production, effective production, and the inventories of Finished Goods and Work in Progress (WIP ? Equivalent Units of Production).
06 - Value the inventories of Finished Goods (FG) and Work in Progress (WIP), as well as finished production and goods sold.
07 - Be able to apply different valuation methods in the measurement of inventories and production.
08 - Introduce students to investment analysis and to the calculation of its main indicators to support decision-making