FAST-CV020Acad. year: 2020/2021
Budgets and budgeting. Methods of making and control budgets. Reporting as a source of information for decision making. Responsibility accounting.
Institute of Structural Economics and Management (EKR)
Learning outcomes of the course unit
Knowledge in the field of control of budget execution, creation of reports, understand the possibilities and the importance of standard cost method from point of view of the manager.
Recommended optional programme components
Recommended or required reading
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
Language of instruction
1. Costs and managerial accounting and their development
2. Usage of costing calculations in management
3. Influence of a type of business activity on costs accounting
4. Fundamental analysis
5.-6. Budgets (basic terminology, long-term, short-term and overhead cost budgets)
7.-8. Standard costs method (basic terminology, standard costs method applied in series production, single-part production the assembly-line, the piece, the homogeneous and the joint manufacture production, using of standard costs method for overhead costs)
9. Responsibility accounting
10.-11. Decision-making tasks not requiring funding instruments
12.-13. Decision-making tasks requiring funding instruments
Understanding the difference between financial, managerial and internal accounting.
Specification of controlled education, way of implementation and compensation for absences
Extent and forms are specified by guarantor’s regulation updated for every academic year.