BPH_MAUC Managerial Accounting

Faculty of Economics and Administration
Autumn 2023
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 16:00–17:50 P101, except Mon 18. 9., except Mon 6. 11.
  • Timetable of Seminar Groups:
BPH_MAUC/01: Tue 8:00–9:50 VT206, except Tue 19. 9., except Tue 7. 11., E. Švandová
BPH_MAUC/02: Mon 14:00–15:50 VT204, except Mon 18. 9., except Mon 6. 11., L. Šiška
BPH_MAUC/03: Fri 8:00–9:50 VT204, except Fri 22. 9., except Fri 10. 11., E. Švandová
BPH_MAUC/04: Tue 10:00–11:50 VT206, except Tue 19. 9., except Tue 7. 11., E. Švandová
BPH_MAUC/05: Tue 14:00–15:50 VT314, except Tue 19. 9., except Tue 7. 11., E. Švandová
Prerequisites
! MPH_AMAC Managerial Accounting && !NOWANY( MPH_AMAC Managerial Accounting )
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
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) 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. 12th Edition. Hampshire: Cengage Learning, EMEA, 2023. ISBN 978-1-4737-9124-4. info
    recommended literature
  • 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
  • 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
flipped classroom (i.e. self-study and discussion instead of lectures), computation of preset numerical examples, teamwork on the preparation and presentation of students' numerical example, individual consultation
Assessment methods
Examination requirements: (1) calculations and correct results of tests(27 %) (2) students' presentations and defending of their numerical examples (13 %) (3) written exam (60 %) 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.
If the student enrols in the course at the time of his/her study trip abroad (Erasmus etc.), the same conditions apply, i.e. correct results of the calculations of the practical examples. It is advisable to contact the supervisor at the beginning of the semester to arrange the course of completion.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course is taught annually.
General note: Přednášky budou vedeny v AJ. V ČJ budou dostupné nahrávky z předešlých let online. Tento předmět je obsahově ekvivalentní s předmětem BPH_MAAC vyučovaném v anglickém jazyce.
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 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2024.
  • Enrolment Statistics (Autumn 2023, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2023/BPH_MAUC