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.

The teaching focuses on a brief explanation of the theoretical background and its practical application. 

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 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 out of a maximum of 40.

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 mark, 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.

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

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