Knowledge: the student is able to distinguish between financial and managerial accounting, is aware of the differences in the way of expressing corporate costs, revenues and profits. The student is able to recognize the type of decision-making task, to assess the impact of his/her decision in a more complex way and to choose an appropriate approach to find the optimal solution. Understand the importance of and learn the principles of effective reporting and report writing in relation to the company's internal information system.

Skills: the student is able to analyze more comprehensively the current state of the in-house information system, to use relevant information to present alternative solutions and to select the optimal solution with regard to the specifics of performance creation. 

Competencies:The student independently solves tasks related to the selection and implementation of a method of displaying and tracking costs, revenues and profits through a one-circle two-circle accounting organization, taking into account the impact of the nature of the business on performance and responsibility-oriented accounting.

Basic knowledge in the area of financial accounting, general knowledge in of microeo economics and enterprise corporate economics.

Requirements for the award of classified credit:
Students will be evaluated on the basis of a written test and an oral examination. The written test will take place in week 12 of the course and will be 60 minutes in length and will focus on testing students' practical skills. The minimum pass mark for the written test is 50%, i.e. 20 points.

The oral examination will be aimed at verifying theoretical knowledge and its application in practical problem solving.
The written test will account for 40% of the overall grade, the oral examination for 60%.

The final grade for the course is the sum of the grades from both parts. The assessment is graded according to the ECTS scale.

1. Characteristics of cost, financial and management accounting and their development trends in the current economic context.
2. The concept and breakdown of costs and revenues in management accounting.
3. Presentation and tracking of costs, revenues and profits in accounting - single- and double-entry accounting organization
4. Performance-based accounting
5. departmental responsibility accounting
6. Standard cost method
7. Specifics of the standard cost method according to production conditions (influence of technology and production organisation, pooled production),
8. Specifics of the standard cost method (application of the principles of the difference method to overheads)
9. Cost control and activity-based budgeting
10. Strategically oriented management accounting
11. Managerial decision-making tasks
12. Reporting

The aim of the course is:

- to deepen the students' knowledge in the field of financial and cost accounting and to expand their knowledge of the basic tools used in the internal economic management of the company with regard to its subject of activity and organizational structure,

- to introduce students to the basic concepts, current issues and trends in management accounting in relation to the creation and development of corporate strategy,

- to introduce students to the principles and basic application of responsibility accounting and the theoretical and practical requirements for the creation of reports,

- to acquire theoretical and practical skills in the use of financial statements as a source of information for selected analytical methods and for the implementation of single- and double-entry bookkeeping.

KRÁL, Bohumil. Manažerské účetnictví. 4. rozšířené a aktualizované vydání. Praha: Management Press, 2018. ISBN 978-80-7261-568-1.

MULFORD Charles W,. Creative cash flow reporting: uncovering sustainable financial performance. Hoboken: John Wiley & Sons, 2005. 414 s. ISBN 0-471-46918-1

HRADECKÝ, Mojmír, Jiří LANČA a Ladislav ŠIŠKA. Manažerské účetnictví. Praha: Grada, 2008. Účetnictví a daně. ISBN 978-80-247-2471-3.

KRÁL, Bohumil. Manažerské účetnictví. 4. rozšířené a aktualizované vydání. Praha: Management Press, 2018. ISBN 978-80-7261-568-1.

• Programme MGR-UFRP Master's, 2. year of study, winter semester, compulsory
  

• Programme RRTES_P Master's

  specialization RRES , 2. year of study, winter semester, compulsory-optional
  

The content of the exercise is to practice the topics transmitted and to work on the tasks given.
1. Comparison of the effect of basic differences between financial and internal accounting on specific examples, production report production
2. Production planning, cost-effectiveness
3. costing, simple division and division by equivalence numbers
4. Single- and double-entry accounting organizations
5. Preliminary costing
6. Operational costing
7. Written test