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Lecturer(s)
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Vávra Jan, Ing. Ph.D.
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Branská Lenka, doc. Ing. Ph.D.
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Course content
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Development and interpretation of cost accounting and managerial accounting. Cost evaluation in managerial accounting, cost behavior, information bases. Classification of costs in managerial accounting for decision-making. Cost allocation. Product costing. Specifics for chemical and food production processes. Absorption costing, basic costing methods. Variable costing. Activity Based Costing. Benefits and limitations in chemical and food production processes. Utilization of variances for direct cost evaluation. Break-event analysis. Budgeting and planning system, creating budgets, Balanced Scorecard. Management of Overheads. Overhead budgets, control. Responsibility accounting. Cost centers, evaluation and control. Controlling a reporting. Decision making, criterion, typical decisions. Information from managerial accounting for pricing decision. Software applications, ERP and Information systems.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Demonstration
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Learning outcomes
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The goal of lessons is to present for students basics of managerial accounting in the area of costs analysis, costing principles and budgeting. The attention is paid to the simple application of elementary calculation that should be used as a supporting tool for managerial decision making in the area of cost effectiveness, profitability, capacity effectiveness and budget fulfilment. During seminars are demonstrated practical applications by software tool Umberto.
After finishing are students acquainted with calculation principles in the area of managerial accounting and they are able to interpret calculated figures. They are able to decide appropriate monitoring method of important business information in the area of costs, costing, and budgeting. They are able to create, control and explain corporate budgets.
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Prerequisites
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Knowledge in mathematics and business economics and management on bachelor level is needed for study of the subject.
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Assessment methods and criteria
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Oral examination, Written examination
Oral exam required. Level of acquired knowledge, approaches, as well as skill in practice application is examined. At the end of term the knowledge is verified by examination paper, its result is considered as a part of final classification.
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Recommended literature
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Branská, L., Vávra, J. Ekonomika a management chemických výrob, 2013, Univerzita Pardubice.
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Fibírová, J., Šoljaková, L. Reporting, 2010, Grada Publishing, a.s..
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Horngren, Ch. et al. Cost Accounting, 2003, Prentice Hall, New Jersey.
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Hradecký, M., Lanča, J., Šiška, L. Manažerské účetnictví, 2008, Grada Publishing a.s..
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Hyršlová, J., Vávra, J., Hávová, E. Tématické sbírky případových studií a příkladů k předmětu Manažerské účetnictví, 2013, Univerzita Pardubice.
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Král B. a kol. Manažerské účetnictví, 2010, Management Press..
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Lazar, J. Manažerské účetnictví a controlling, 2012, Grada Publishing, a.s..
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Louderback, G. J. Managerial accounting, 2003, Mason South-Western.
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POPESKO, B.:. Moderní metody řízení nákladů. Praha: Grada Publishing, 2009.
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