COST
ACCOUNTING
This material belongs to Universitas Prasetiya Mulya
Do not upload and share this material to public domain. For private use only!
M E
CO
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COST ACCOUNTING
Getting to Know Your Lecturer
Rifeald Romauli Sinaga
Educational Background:
• Bachelor of Business (major in accounting) from UKSW
• Master in Accounting from Universitas Indonesia
• PhD in International Business from Griffith University
Academic Experiences:
• Teaching at Griffith University
• Teaching at UK Petra
• Research Assistant at Queensland University of Technology
Contact details:
Professional Certification:
• E-mail: [Link]@[Link]
• Certified Management Accountant
• Office: PMBS building room 746
COST ACCOUNTING
Please use
How to compose an email professional
language in all
correspondence
Subject line example:
IMA: Question about assignment (Mon, 8am class)
Course code + Reason for email + Class day and time
All emails MUST come from your Prasmul student email account.
COST ACCOUNTING
Classroom Policy
1. Be on time, 10 minutes late tolerance
2. Active learning
3. Phones off or on silent (no texting during class)
4. Raise hand when you want to ask question, answer question,
or leave the classroom.
5. Respect each other
6. No taking a picture or recording (audio and video) in the class
COST ACCOUNTING
What is managerial
accounting
It provides providing
accounting information for a
company’s internal users.
not bound by generally
Objectives:
accepted accounting
Planning Decision making
principles (G A A P)
Controlling
COST ACCOUNTING
Have you hear about
Sustainability Reporting
Managerial accounting
information.
COST ACCOUNTING
Sustainability Reporting
Integrated report containing
both traditional financial
Measuring the nonfinancial aspects of
accounting information as well
corporate business sustainability,
as managerial accounting
(economic, social, environmental,
information.
legal, and political issues) and then
linking their impact on the company’s
financial performance.
COST ACCOUNTING
You are the Costco executive who has been chosen to decide
whether or not the company should continue its policy of sourcing
its finest coffee from Rwanda.
What types of information should you consider as you decide how
best to structure and analyze this important long-term strategic
decision?
What challenges do you expect to face in making this decision?
COST ACCOUNTING
Managerial accountant’s ability to inform executive decision makers can
create an important competitive advantage for the organization.
Stakeholder
Who would be the supplier?
How about the
creating a shipping government trading
competitive policies between
advantage quality countries?
Does the customer willing to pay?
COST ACCOUNTING
Financial Accounting vs Managerial Accounting
External focused Internal focused
Must follow externally imposed rules No mandatory rules
Financial & nonfinancial information;
Objective financial information
subjective information possible
Historical Orientation Emphasis on the future
Information about Internal evaluation and decisions based
the firm as a whole on very detailed information
More self-contained Broad, multidisciplinary
COST ACCOUNTING
Managerial Accounting – Current Focus
• Cross functional perspective
Increase quality
• New methods of costing
products and services. Reduce time on CS
• TQM
ABC Method Improve efficiency
Continuous improvement
Process value analysis Lean accounting
ERM and CSR
• Customer orientation Low cost
Strategic positioning
Product Value chain
differentiation
COST ACCOUNTING
Code of Conduct
Choosing actions that is
What is ethical behavior? right, proper, and just.
How to become a managerial accountant?
Certified in Management Accounting
Certified in Public Accounting
• economics, finance, and management
Certified in Internal Auditing
• financial accounting and reporting
• management reporting, analysis, and behavioral
issues
• decision analysis and information systems
COST ACCOUNTING
This material belongs to Universitas Prasetiya Mulya
Do not upload and share this material to public domain. For private use only!
COST ACCOUNTING
