MKH_MAUC Managerial Accounting

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
0/0/0. 8 credit(s). Type of Completion: zk (examination).
Taught in person.
Teacher(s)
Ing. Ladislav Šiška, Ph.D. (lecturer)
Guaranteed by
Ing. Ladislav Šiška, Ph.D.
Department of Business Management – Faculty of Economics and Administration
Contact Person: Vlasta Radová
Supplier department: Department of Business Management – Faculty of Economics and Administration
Prerequisites
FORMA ( K ) && ! BKH_MAUC Managerial accounting
Financial Accounting 1
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to present knowledge on management accounting - budgeting, standard costing and cost accounting.
Learning outcomes
At the end of this course, students should be able to understand the role of management accounting in company's management; alocate costs to products, services or activities; prepare budgets; record typical transactions in cost accounting; design a simple performance measurement system; interpret data gathered in corprorate measurement systems; outline current trends in management accounting.
Syllabus
  • (1) Financial management and accounting information for its realization (evolution of Management Accounting as a special branch of accounting, its objectives, differences against financial accounting). (2) Cost classifications (cost elements such as direct materials, direct labour and overheads), Cost behaviour (variable, fixed, semi-fixed, semi-variable costs, identification of fixed and variable elements), Cost calculations. (3) Variable and full costing (methods for inventory evaluation, product v. period costs, budgeted overhead rates, over- or underrecovery of fixed costs). (4) Budgeting and its function in company's management (master budget and its breakdown into operational budgets, overhead budgets; preparation, approval, and updates of budgets, rolling budgeting, control by means of flexed budgets). (5) Cost accounting (basic model of cost accounts in a standalone manufacturing company, actual v. predetermined cost application for internal purposes). (6) "Activity based-" approaches (ABC, ABB, ABM – principles, function, and consequences in operational and strategic horizons). (7) Time Driven ABC (time equations, unused capacity estimates), Customer profitability analysis and customer life-time value (application of ABC in Customer Relation Management). (8) Standard costing method (principles, standard setting, variance analysis under variable and full costing system, interpretation of variances, limits of standard costing). (9) Performance management and responsibility accounting (overall performance of the company and departmental contributions; cost, revenue, profit, investments centers; links to the standard cost variance analysis; controllable and non-controllable factors). (10) Current trends in performance measurement and management (leading and lagging indicators, non-financials, Strategy maps, Balanced Scorecard). (11) Beyond budgeting (criticism of traditional budgeting, change in management, relative performance, forecasting, flexible resource allocations; case studies in successful application of BB).
Literature
    required literature
  • DRURY, Colin and Mike TAYLES. Management and cost accounting. 11th Edition. Hampshire: Cengage Learning, EMEA, 2020. ISBN 978-1-4737-7361-5. info
  • ATKINSON, Anthony A., Robert S. KAPLAN, Ella Mae MATSUMURA and S. Mark YOUNG. Management accounting : information for decision-making and strategy execution. 7th ed. Boston: Pearson, 2020. ISBN 978-1-61853-351-7. info
    recommended literature
  • FRANKLIN, Mitchell, Patty GRAYBEAL and Dixon COOPER. Principles of Accounting, Volume 2: Managerial Accounting. Houston (Texas): Rice University, OpenStax, 2019. ISBN 978-1-947172-60-9. URL info
Teaching methods
lectures, computation of numerical examples, individual consultation
Assessment methods
Examination requirements: (1) correct results of assignments (33%) (2) written examination (67%) Minimal score 60 per cent. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught: in blocks.
Note related to how often the course is taught: 16 hodin.
Information on the extent and intensity of the course: tutorial 16 hodin.
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