Initially, this course introduces participants to the link between the company`s visions, “business idea” and strategies, and the company´s planning-, control- and decision making activities; further, basic knowledge of the central concepts in management accounting will be presented. Then, the areas of budgeting, costing and cost allocation are developed. Connections are also made to alternative management tools such as the balanced scorecard. Cost allocation and costing are discussed in regard to different methods for allocating the company´s cost and for calculating the total costs of the company´s products and services. The methods treated are for example traditional costing system and activity based costing system. Further, it is discussed how different costing methods and cost allocation can be used in the pricing process and in the process of choosing the long- and short- term product mix
