BPH_MAUC Managerial Accounting

Faculty of Economics and Administration
Autumn 2018
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)
Mgr. Jan Fikejs (assistant)
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 16:00–17:50 P101
  • Timetable of Seminar Groups:
BPH_MAUC/01: Mon 18:00–19:50 VT204, L. Šiška
BPH_MAUC/02: Wed 10:00–11:50 VT204, L. Šiška
BPH_MAUC/03: Wed 12:00–13:50 VT204, L. Šiška
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
  • ŠIŠKA, Ladislav: Manažerské účetnictví a controlling. 2018. Studijní materiál v IS.
    recommended literature
  • ŠIŠKA, Ladislav, Jana MAJEROVÁ and Lucie HUBACZOVÁ. Cvičebnice manažerského účetnictví. Brno: Masarykova univerzita, 2011, 85 pp. ISBN 978-80-210-5730-2. URL info
  • 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
Teaching methods
lectures, computation of numerical examples using PC, individual consultation
Assessment methods
Examination requirements: (1) activity in classes and correct results of tests in e-learning(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
Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2018, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2018/BPH_MAUC