ESF:BPH_MAUC Managerial Accounting - Course Information

BPH_MAUC Managerial Accounting

Extent and Intensity

2/2/0. 8 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Ladislav Šiška, Ph.D. (lecturer)
Ing. Ladislav Šiška, Ph.D. (seminar tutor)
Ing. Eva Švandová, Ph.D. (seminar tutor)

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

Timetable

Mon 18:00–19:35 P101

• Timetable of Seminar Groups:

BPH_MAUC/01: Mon 9:20–11:00 P303, E. Švandová
BPH_MAUC/02: Mon 11:05–12:35 P303, E. Švandová
BPH_MAUC/03: Mon 14:35–16:15 S306, L. Šiška
BPH_MAUC/04: Mon 16:20–17:55 P304, L. Šiška
BPH_MAUC/05: Thu 14:35–16:15 S301, E. Švandová

Prerequisites

Financial Accounting 1

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

there are 6 fields of study the course is directly associated with, display

Course objectives

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
• ATKINSON, Anthony A. Management accounting : information for decision-making and strategy execution. 6th ed. Boston: Pearson, 2012, 550 s. ISBN 9780273769989. info
• DRURY, Colin. Management and cost accounting. Eighth edition. Andover: Cengage Learning, 2012, xxii, 783. ISBN 9781408041802. info

recommended literature
• HRADECKÝ, Mojmír, Jiří LANČA and Ladislav ŠIŠKA. Manažerské účetnictví (Managerial Accounting). 1st ed. Praha: Grada, 2008, 264 pp. ISBN 978-80-247-2471-3. info
• ŠIŠKA, Ladislav, Jana MAJEROVÁ and Lucie HUBACZOVÁ. Cvičebnice manažerského účetnictví. Brno: Masarykova univerzita, 2011, 85 pp. ISBN 978-80-210-5730-2. URL info
• FIBÍROVÁ, Jana, Libuše ŠOLJAKOVÁ and Jaroslav WAGNER. Manažerské účetnictví : nástroje a metody. Vyd. 1. Praha: Wolters Kluwer Česká republika, 2011, 391 s. ISBN 9788073577124. info
• KRÁL, Bohumil. Manažerské účetnictví. 3. dopl. a aktualiz. vyd. Praha: Management Press, 2010, 660 s. ISBN 9788072612178. URL info

Teaching methods

lectures, computation of numerical examples, individual consultation

Assessment methods

Examination requirements: (1) activity in classes and correct results of minitests(36%) (2) written exam (64%) 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.
General note: Přednášky jsou dostupné online a ze záznamu.
Information on course enrolment limitations: max. 20 cizích studentů; cvičení pro studenty ESF

Information about innovation of course.

This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

Listed among pre-requisites of other courses

• BPH_MAAC Managerial accounting
  !BPH_MAUC  

• Enrolment Statistics (Autumn 2016, recent)
  
• Permalink: https://is.muni.cz/course/econ/autumn2016/BPH_MAUC