GCER0089-1 : Managerial Accounting and Auditing

Study Programmes 2015-2016

GCER0089-1

Managerial Accounting and Auditing

Duration :

45h Th

Number of credits :

Executive Master in industrial Management		7

Lecturer :

Nguyen Phuong Hoa

Language(s) of instruction :

English language

Units courses prerequisite and corequisite :

Prerequisite or corequisite units are presented within each program

Course contents :

The course equips learners with essential topics in management accounting, namely costing a product/service (using job costing, process costing and activity-based costing), cost allocation, preparing budgets, variance analysis, and pricing. These topics are essential and useful for managers in running business and making their daily decisions. Learners will understand about the role of management accounting in supporting managers (i) to control their operations, (ii) to adapt and response to changes in environment as well as (iii) to enhance competitiveness of their companies.
Besides, the second part of the course mentions about fundamental issues in auditing, namely nature and classification of auditing, code of ethics of auditors, auditing standards, liability of auditors, and the sequence of a financial audit (planning, implementing and reporting stages). These topics are useful for managers of audited entities in that managers can establish internal audit for their managing purposes, and can exploit benefits of independent audit.

Learning outcomes of the course :

Learners should be able to:

Calculate unit cost of a product/service using job costing, process costing or activity based costing
Allocate joint costs and indirect costs to arrive at accurate results
Preparing budgets
Identification and Analysis of significant variances
Set selling prices (in the short term and long term)
Deal successfully scenarios about liability of auditors, ethical values of auditors; select appropriate audit opinions for different cases, analyse risks of auditee for planning an audit

Prerequisite knowledge and skills :

students should be able to calculate unit cost of a product, calculate profit of a company in one period of time, and have knowledge about Financial Statements (especially Balance Sheet and Income Statement)

Planned learning activities and teaching methods :

lecturer summarizes main theoretical theories; exercises and cases will be then given to learners for discussion and brainstorming. Exercises and cases relate to theoretical topics studied.

Mode of delivery (face-to-face ; distance-learning) :

Face-to-face
Lectures will be delivered in class using beamers, blackboard, and other teaching devices. Learners then work with exercises and discuss in class about their results. Group discussion will be required for scenarios provided in advance.