Strategic Managerial Accounting
Instructor: Предраг Гајић, PhD, Full Professor
The aim of the course is to present appropriate accounting instruments that will enable defining implementation of appropriate corporate and competitive strategies and strategic positioning. In particular, new theoretical and practical achievements are analyzed in connection with the preparation of relevant information about the company and its competitivenes, in order to influence efficient use of resources.
| Code : | 3И14ФСУР |
|---|---|
| Status: | E |
| Semestar: | 13th |
| Number of classes per week: | 3+3 |
| ЕECTS: | 9 |
| Teachers: |
Предраг Гајић,
PhD Full Professor |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | Students should understand: a systemic approach for creating a strategically oriented management accounting and its connection with business processes; possibilities of improving the competitive position on the market; weaknesses of conventional cost accounting systems; elements and determinants of strategically oriented management accounting; information needs and new instruments of strategic management; strategic cost management concepts such as quality cost management, value chain, product life cycle, etc. |
| Subject Contents: | Scopes and limitations of conventional management accounting; Information requirements of strategic management and development of the concept of strategic management accounting. Problems of designing a strategic management accounting system; The use of the value chain in strategic cost analysis; Inventory management - traditional and modern concept (inventory management according to the just-in-time concept); Strategic analysis of company activities; Calculation of quality costs and total quality management, calculation of target costs and kaizen concept; Calculation of product life cycle costs; Feature costing; Profitability analysis of business segments, products and customers; Competitive accounting. |
| Teaching Methods and Learning Activities: | Lectures and independent research work. Preparation and presentation of introductory and seminar papers with mandatory application of the methodology for the preparation of professional and scientific papers. |
| Literature: | Gajić, P. (2023) Strategic management accounting, Faculty of Economics, University of Banja Luka; Milićević, V. (2003). Strategic management accounting. Faculty of economics University of Beograd; Atkinson, A., Kaplan, R., Matsumura, E., M. and Young, M. (2012). Management Accounting: Information for Decision Making and Strategy Execution. Boston, USA: Pearson Education Limited, Blocher, J. E., Stout, D. E., Cokins, G. and Chen, K. (2008). Cost Management A Strategic Emphases. New York, USA: McGraw Hill. |
| Types of Assessment for the subject: | Study research paper and the final oral exam. |
| Special Remarks for the subject: |