Managerial accounting is a company’s internal language, and is used for decision-making, production management, product design and pricing and for motivating and evaluating employees. It deals with the application of statistical tools and decision models to accounting data for the purpose of facilitating managerial control.
The course Managerial Accounting comprises strategic and operative planning as well as controlling (target setting, feed-back and feed-forward control, balanced scorecard). Cost allocation, full costing and cost-volume-profit analysis are the focus of managerial accounting. This course presents methods of preparing managerial accounting information, and how these methods are used by companies.