The preparation and presentation of information that facilitates the allocation of resources within a business entity are the main objectives of managerial accounting. Managerial decisions rely extensively on budgets and cost allocations. The course covers topics related to the preparation of budgets, e.g. activity-based budgeting, and the allocation of the various costs, first to the different responsibility centres and then to the products. The course also presents cases that require the determination of the relevant costs and their application on issues of product pricing, outsourcing and idle facilities, product mix decisions, etc. Important managerial decisions about capital budgeting, executive compensation and product quality are also topics of this course. The primary emphasis of the course is on small case studies that require decision-making on the basis of different costs.