The objective of this course is to develop cost accounting and financial planning systems design skills. The first part of the course focuses on various cost accounting system design alternatives. We discuss the use, applicability and implications of various overhead allocation methods in different business set-ups. The second part takes a close look at financial planning and forecasting. We explore the use of budgets and forecasts as part of the management systems and discuss management reporting in contemporary organizations.
Learning is based on case discussions, readings, short introductory lectures, guest lectures and learning diaries. Lectures will not cover all the content of the course readings, but will provide additional insights and practical applications on topics covered. Course text-books are compulsory readings as are articles listed under each lecture. There are additional readings listed under most lectures for those interested to learn more about the topics, but these books/articles are not part of the course requirements.