Course detail

Contemporary Issues in European Management Accounting

FP-EciiePAcad. year: 2023/2024

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

Language of instruction

English

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

Ing. Helena Hanušová, CSc.

Department

Institute of Finances (ÚF)

Entry knowledge

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.

Rules for evaluation and completion of the course

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
Control of the results of individual given assigned courseworktasks.

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
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

Study aids

Not applicable.

Prerequisites and corequisites

Basic literature

Drury, Collin. Management and Cost Accounting. (EN)
KAPLAN R.S., NORTON D.P. (2011): The Strategy-Focused Organization. Harvard Business School Press
WEYGANDT, J.J. Managerial Accounting: Tools for Business Decision Making. 6 edition, Wiley; 2011. 756 p. ISBN 978-1118096895.

Recommended reading

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

Classification of course in study plans

  • Programme MGR-EBF Master's, 1. year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Ing. Helena Hanušová, CSc.

Syllabus

1th Introduction to subject
2, 3 Financial and management accounting and their characteristics, their differences and developments with regard to globalization
4th Budgets and budgeting (basic concepts, principles of budgeting, budgeting methods,
5th long-term budgets,
6th short-term budgets,
7th overhead budgets, control of budget implementation,
8th behaviorist aspects of budgetary work, budget reserve
9th, 10th Standard cost method (basic concepts, application methods in serial SN, piece, homogeneous and associated manufacturing method for SN overheads)
11, 12 Reporting (basic concepts, principles and problems of compiling reports, the role of reporting for operational and strategic management)
13th Apraisal (familiarity with the issue of valuation in the financial and management accounting, historical cost, its modifications and corrections in different accounting systems)

Exercise

13 hours, optionally

Teacher / Lecturer

Ing. Helena Hanušová, CSc.

Syllabus

1.,2. Case study of differences between the financial and managerial accounting
3rd Examples of implementation of the principles and methods of budgeting
4th Build long-term budget - sample program
5th build short-term budget - a pilot example
6th build short-term budget - Workshop
7th examples of budgeting expenses and monitoring compliance with budgets,
8th case study on the behaviorist aspects of budget work
9th SN methods in application , homogeneous and associated manufacturing
SN 10.implementation SN method for overhead costs - a practical example
11.Practical examples of reports - case study
12th compilation report - Workshop
13th Practical examples of the impact of apraical of the assets and liabilities of the company)