Czech

Not applicable.

The students will understand the meaning and necessity of cost management for management of a firm and its cohesion to managerial accounting and control. The students will have theory knowledge of cost, managerial accounting and cost management, information of past events and also information necessary for decision-making – budgeting, planning, tools of cost methods and decision-making role. After completion of the subject, the students will be able to evaluate reached outcomes of the management, find shortcomings, propose their solution, substantiate results of firm’s business activity and elaborate future perspective.

Students are expected to have general economic knowledge.

Not applicable.

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Submitting of one continuous control tests 50 points

1.Relationship between financial, cost, managerial accounting and cost management. Cost management concept.
Cost allocation, its relation to management by performance line and by responsibility line (in-house accounting).
Decision-making tasks. Basic classification criteria of those tasks, CVP. Production volume optimising, assortment optimising, decision-making tasks „either or“.
Cost system and its utilisation in management.
Standard costs method.
Budgeting under market conditions.
Cost management tools- ABC,TC,LCC.
Management of processes, activities and assets – ABC/M method.
Responsibility management.


Seminar syllabus:
- Case studies solving.
- Calculation examples solving.

Not applicable.

The aim of the cost management subject is to introduce students with mutual relationships between financial, cost (in house), managerial accounting and cost management. Cost management acts as independent informative tool of the firm’s internal management. It includes classical costing procedures for recording of the internal events, which truly happened in the past, as well as new attitudes ensuring information for managers, i.e. oriented to the future. The Cost management follows the financial and cost accounting, where costs become the decisive element of the firm’s economics. The analysis of costs‘ behaviour and mathematical calculations are important for managerial decision. Conversion of cost accounting to management accounting concludes the general view on mutual connection of the economic information system. The Const Management first of all provides information for management and namely for decision making. The attendant must be able to specify his requirements for number of decision-making tasks, must these information sort, evaluate and submit to managers.

Preparation for the final exam
Final exam

Not applicable.

Not applicable.

BLOCHER J.E.-CHEN H.K.-COKINS G.-LIN T.W. Cost Management – A Strategic Emphasis. Published by McGraw-Hill/Irwin. Inc.1221 Avenue of the Americas,New York, NY, 10020, 2005, 2002, 1999 by The McGraw-Hill Companies.ISBN0-07-281836-0. (EN)
KRÁL,B.a kol. Manažerské účetnictví. 3.doplněné vyd. Praha: Management Press, 2010.660s.ISBN 978-80-7261-217-8. (CS)
ŠOLJAKOVÁ, L.Strategicky zaměřené manžerské účetnictví.1.vyd.Praha:Management Press.2009.206s.ISBN 978-80-7261-199-7 (CS)

BREWER,P.C.- GARRISON,R.H.-NOREEN,E.W.Introduction to Managerial Accounting.Published by McGraw-Hill/Irwin. Inc.1221 Avenue of the Americas,New York,NY,10020,2002 by The McGraw-Hill Companies.ISBN 0-07-281787-9. (EN)
GARRISON,R.H. Managerial Accounting.Published by McGraw-Hill/Irwin. Inc.1221 Avenue of the Americas,New York,NZ,10020,2003 by The McGraw-Hill Companies.ISBN 0-07-242338 (EN)