Course: Managerial Accounting II

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Course title Managerial Accounting II
Course code KUF/MAU2
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study 1
Semester Winter
Number of ECTS credits 5
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
  • Vlčková Miroslava, Ing. Ph.D., MBA.
Course content
Lecture: 1. Introduction to Managerial Accounting 2. Source of management information. 2. Controlling, its fundament, evolution and importance. Controlling role in strategic and operational management. 3. Management processes of managerial accounting. Managerial accounting as a tool for effective management. Opportunity costs. Performance management. 4. Techniques cost accounting - accounting for materials, labor and overhead costs, methods and principles of cost accounting. 5. Costing system and its use in management. Application of the methods of management accounting which focus on the management of processes and activities. Activity based costing. 6. Budgeting - methods, budget preparation, capital budgeting, budgetary control. Budgeted balance sheet, budgeted profit and loss, budgeted cash flow. 7. Calculation and analysis of variances, synchronization of budgeted and actual revenue. 8. Responsibility accounting as a part of liability management, responsibility centers. Internal pricing, Pricing decisions. 9. Measuring and monitoring the performance of individual internal departments, reducing costs and increasing value. Management reports. 10. Strategic management accounting - value chain analysis, Life-cycle costing. Target costing. Balance score card, Just-in-time. 11. The decision tasks in existing capacity, Cost-volume-profit analysis. 12. Decision-making role on future capacity, financial criteria and evaluation methods of investment, respect the time factor. 13. Key Performance Indicators in managerial accounting. Exercises: Thematic areas exercises correspond with the topics and lectures and they are focused on practical and practicing individual circuits lectures on extensive case studies. Link to IS MOODLE:

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Case studies
  • Class attendance - 42 hours per semester
  • Semestral paper - 12 hours per semester
  • Preparation for exam - 15 hours per semester
  • Preparation for credit - 20 hours per semester
  • Preparation for classes - 51 hours per semester
Learning outcomes
The aim of the course is to to deepen the principles, methods and tools of managerial accounting for value management at different levels of management, which follows the course of Managerial Accounting. Furthermore, focus on the use of tools and methods in business process management, strategic management and controlling.
Students understand the concept of management accounting and controlling. They are capable of strategic cost management, strategic and operational planning and budgeting, reporting and evaluate business processes and performance within the company on the basis of modern methods .

Assessment methods and criteria
Oral examination, Written examination, Test, Analysis of the qualification work, Seminar work

Credit requirements: - Active participation in seminars (min. 80% attendance) - Login to MOODLE course during three weeks after beginning of semestre - Preparation and presentation specified case studies, - Elaboration of essay on an assigned topic, - Successful completion of final tests (min. 60% success rate), the possisbility of the correction test. Examination Requirements: Demonstrate theoretical and practical knowledge. Assessment weight: seminar paper 10%, case study 25%, credit test 35%, exam test 30%.
Recommended literature
  • Král, B. a kol. Manažerské účetnictví. Praha: Management Press, 2019.
  • Mikovcová, H. Controlling v praxi. Plzeň: Aleš Čeněk, s.r.o., 2007.
  • ŠOLJAKOVÁ, L., FIBÍROVÁ, J. Reporting. Praha: GRADA Publishing, 2010.
  • Šoljaková, L., Král, B. Manažerské účetnictví. Případové studie a příklady.. Praha: Oeconomica, 2011.
  • Šoljaková, L. Strategicky zaměřené manažerské účetnictví. Praha: Management Press, 2009.
  • THE ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS. Paper F5 Performance Management. Kaplan Publishing UK.

Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (3) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter