Management Accounting is an essential tool that enhances a manager's ability to make effective economic decisions. The course objective is to give students a good understanding about the concepts and techniques of management accounting. These issues will be explained against the background of a fast changing global market. The course covers 4 topics. 1: After an introduction, we will first focus on the interaction of Management Accounting and the business process. "Cost behavior", "Cost Management Systems" and "Decision Making" are the key issues. 2: In the second part, we will use accounting techniques for Planning and Control. "Budgeting", "Variance Analysis" and "Management Control System" will be discussed. 3: Part 3: Capital Budgeting, a technique to evaluate projects having cash flows at different moments in time. 4: The last part will be about Product Costing. Here the keywords are: "Cost Allocation", "Overheads" and "Job-Costing and Process-Costing Systems"