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Lecturer(s)
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Vlčková Miroslava, Ing. Ph.D., MBA.
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Course content
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Lecture: 1. Basic concepts, objective and criteria of managerial accounting, relationship between financial accounting, cost accounting and managerial accounting, accounting information systems, controlling. 2. Value chain management for performance, cost classification. Performance management information systems. 3. The basic connection between management costs, revenues and profits. Break-even point. 4. Absorption costing and marginal costing, relationship between costing and profit. 5. Costing system and its use in management, method of calculations. 6. Budgetery system, type of budgets, management of overheads. 7. Responsibility accounting, responsibility departments management. 8. Pricing decisions, pricing. Transfer pricing. 9. The method of standard costs and revenues. 10. Standard costing, variance analysis. Erasmus students have another two topics: 11. Decision making on existing capacities. 12. Decision making on future capacities. Exercising: Thematic areas of training correspond with lectures and they are focused on practical skills of each topic. Educational videos will also be used as information support during study.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), E-learning, Work with multi-media resources (texts, internet, IT technologies), Blended learning
- Preparation for credit
- 30 hours per semester
- Preparation for exam
- 30 hours per semester
- Preparation for classes
- 67 hours per semester
- Semestral paper
- 20 hours per semester
- Class attendance
- 21 hours per semester
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Learning outcomes
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TThe aim is to clarify the basic principles, methods and tools of managerial accounting for value management at different levels of management. Furthermore classify types of costs, use cost models, make budget of internal departments, make variance analyses and use other information tools that are focused on control within the organization.
Students understand the principles of management accounting. They are able to analyze the cost, use calculation methods in specific production conditions, prepare budgets and evaluate variances.
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Prerequisites
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unspecified
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Assessment methods and criteria
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Written examination, Test
Credit requirements: - Active participation in seminars (min. 80% attendance), - Successful completion of two credit tests (min. 60% success rate of each test, the possibility of a correction test). Examination Requirements: Demonstrate theoretical and practical knowledge. Assessment weights: 1st credit test 30%, 2nd credit test 35%, Exam test 35%.
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Recommended literature
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Bhimani, A., Datar, S. M., Horngren, C. H., Rajan, M. V. Management and Cost Accounting.. Pearson Education Limited, England, 2019.
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Drury, C. Managememt and Cost Accounting. London: Cengage Learning, 2020.
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THE ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS. Paper F2 - Management Accounting. Kaplan Publishing UK, 2020.
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THE ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS. Paper F5 - Performance Management. Kaplan Publishing UK, 2020.
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