Course detail

Contemporary Issues in European Management Accounting

FP-ciiePAcad. year: 2018/2019

a) Financial and management accounting a their development in condition of globalization a their new trends
b) Budgets
c) Standard Costing
d) Reporting
e) Appraisal
f) Findings of financial statements analysis as a source of information for some analytical methods

Learning outcomes of the course unit

a) an understanding the contemporary an expected development of management and financical accounting from the view of globalization.
b) Enable students to be comfortable with theory and with pracital ipmementation of budgeting and Standard Costing.
c) Analysis of application of accounting information systems for the purposes of strategic and operation management - reporting.
d) To enable students to be comfortable with problems of appraisal, in financial accounting and managerial accounting.
f) To obtain the ability to analyze the financial statements and obtain information from them for some of the analytical methods

Prerequisites

Basic knowledge in the area of financial accounting (principles of bookkeeping, basics of accounting generally and at the level of given accounting calculations, knowledge of accounting statements), general knowledge in of microeo economics and enterprise corporate economics.

Co-requisites

Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

Horngren C.T., Foster G., Datar S. Cost Accounting: A Managerial Emphasis. Prentice Hall Int. (EN)
Cooper R., Kaplan R.S. (1991): The Design of Cost Management Systems. Textes, Cases, and Readings, Prentice Hall International Ed., (EN)
Maher M.W., Deakin E.B. (1994): Cost Accounting. Richard D. IRWIN, INC. (EN)
Kaplan R.S., Norton D.P. (1996): The Balanced Scorecard. Translating Strategy into Action. HBS. (EN)
Kaplan R.S., Norton D.P. (2001): The Strategy-Focused Organization. Harvard Business School Press (EN)

Planned learning activities and teaching methods

The course contains lectures that explain basic principles, problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

Coursesemester - work
Case study - individual elaboration

Exam:
has divided into two parts:
written part - Individualy elaborated assigment (theme of it will bew discused and acepted by the lecturer)
oral part - discusion about assigment

The graded course-unit credit is required conditional on the these following conditions:
POINTS
1.elaboration of coursesemester-work 30
2.completion of the final test 40
3.oral examination 30
TOTAL POINTS 100

Language of instruction

English

Work placements

Not applicable.

Course curriculum

- Development of management and financical accounting from the view of globalization
- Financial Statesment Analysis
- Internal Accounting
- Budgets and Budgetings (aspects of budgets classification, three principles of drawing up budgets, methods of drawing up the budgets, long-term budgets, short-term budgets. indirect cost budgets, budget control, Behavioral aspects of budgeting works, budgetary slack). modern methods of drawing up the budgets and problems in their implications
- Standard Costing (Short characteristic of Standard Costing, Level of standards in relation to time and its characteristics, Application of Standard Costing in homogenous and heterogenous production, Application of joint cost method to establish overhead cost.
- Reporting (short characteristic of reporting, principles and problems in creating and geting together the reports, reporting as a source of information for operational and strategic management)
- Appraisal (short characteristic, appraisail in finacial and management accounting, historical price and its modification, correction of historical price in various account systems)
- Analysis of the statutory financial statements as a source of information for the manager
- use of knowledge from the analysis of the statutory financial statements as a source of information for analytical methods (mainly Porter, SWOT, financial analysis).

Aims

a) To enable the students an understanding the development of management and financical accounting from the view of globalization.
b) To introduce to many generally used concepts, methods and techniques of management accounting and to enable understanding of these methods, especially budgeting and Standard Costing.
c) Analysis of application of accounting information systems for the purposes of strategic and operation management - reporting.
d) To enable students to be comfortable with problems of appraisal, in financial accounting and managerial accounting.
e) To obtain the ability to analyze the financial statements and obtain information from them for some of the analytical methods

Specification of controlled education, way of implementation and compensation for absences

Control of the results of individual given assigned courseworktasks.

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-UFRP , 1. year of study, summer semester, 5 credits, compulsory-optional

  • Programme MGR-EBF-D Master's

    branch MGR-EBF , 1. year of study, summer semester, 5 credits, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Exercise

13 hours, optionally

Teacher / Lecturer

eLearning