Knowledge

The student...

is familiar with important topics within business economics
is familiar with firms` stated objectives, how the firm interacts with society and how a firm manages its critical resources.
is familiar with cost and income theory and how the firm manages costs and income under different market conditions
is familiar with product costing, management accounting techniques and product selection when capacity is constrained
is familiar with cost-volume-profit analysis
is familiar with identification of relevant costs in a decision setting

Skills

The student can...

explain important topics in business economics and use relevant models when examining business economics problems
ask critical questions and question important assumptions behind central models within the field of business economics
allocate costs form departments to Products
explain assumptions behind product costing methods and know strengths and weaknesses of various costing Methods
produce relevant management accounting models
perform cost-volume-profit analysis
optimal decisions under situations of constrained capacity
identify relevant costs and Income
produce relevant spreadsheets

General competence

The student can...

use acquired skills and participate in discussions in management control problems
produce written reports as decision input to management

Subject description TEST-6324

Managerial Accounting