Course: Principles of Management Accounting

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Course title Principles of Management Accounting
Course code KEMCH/C836
Organizational form of instruction Lecture + Seminary
Level of course Bachelor
Year of study 3
Semester Summer
Number of ECTS credits 4
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Vávra Jan, Ing. Ph.D.
  • Munzarová Simona, Ing. Ph.D.
Course content
Development and interpretation of cost accounting and managerial accounting. Classification of costs in managerial accounting. Product costing. Absorption costing, Basic costing methods. Variable costing. Break-point analysis. Budgeting and planning Short term budgets. Overhead budget. Long term budgets. Program Umberto - software tool for managerial accounting.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Demonstration
Learning outcomes
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.
After finishing are students acquainted with elementary 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.
Prerequisites
Knowledge in mathematics and business economics and management taught within the bachelor study is needed for study of the subject.

Assessment methods and criteria
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.
Recommended literature
  • Branská, L., Vávra, J. Ekonomika a management chemických výrob, 2013, Univerzita Pardubice.
  • Fibírová J. a kol. Nákladové účetnictví (manažerské účetnictví I), 2000, VŠE Praha..
  • Hradecký M., Lanča, J., Šiška, L. Manažerské účetnictví, 2008, Grada Publishing a.s..
  • Kolektiv autorů. Manažerské účetnictví v případových studiích a úlohách, 1997, VŠE Praha..
  • Král B. a kol. Manažerské účetnictví, 2010, Management Press..
  • Lazar, J. Manažerské účetnictví a controlling, 2012, Grada Publishing, a.s..
  • Louderback, J.G. Managerial accounting, 2003, Mason South-Western.
  • POPESKO, B.:. Moderní metody řízení nákladů. Praha: Grada Publishing, 2009.
  • SCHROLL, R. A KOL. Manažerské účetnictví, 1997, Svaz účetních v nakladatelství Bilance..
  • Synek M. a kol. Manažerská ekonomika, 2007, Grada Publishing.


Study plans that include the course
Faculty Study plan (Version) Branch of study Category Recommended year of study Recommended semester
Faculty of Chemical Technology Farmacochemistry and Medicinal Materials (2014) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Economy and Management of Chemical and Food Industry (2014) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Farmacochemistry and Medicinal Materials (2016) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Farmacochemistry and Medicinal Materials (2013) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Economy and Management of Chemical and Food Industry (2015) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Polymeric Materials and Composites (2014) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Polymeric Materials and Composites (2013) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Polymeric Materials and Composites (2015) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Polymeric Materials and Composites (2016) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Economy and Management of Chemical and Food Industry (2016) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Chemistry and Technical Chemistry (2016) Engineering chemistry and chemistry of silicates 3 Summer
Faculty of Chemical Technology Economy and Management of Chemical and Food Industry (2013) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Farmacochemistry and Medicinal Materials (2015) Engineering chemistry and chemistry of silicates 2 Summer
Faculty of Chemical Technology Chemistry and Technical Chemistry (2015) Engineering chemistry and chemistry of silicates 3 Summer
Faculty of Chemical Technology Chemistry and Technical Chemistry (2014) Engineering chemistry and chemistry of silicates 3 Summer
Faculty of Chemical Technology Chemistry and Technical Chemistry (2013) Engineering chemistry and chemistry of silicates 3 Summer