Přístupnostní navigace
E-application
Search Search Close
Course detail
FP-KrnPAcad. year: 2023/2024
The course focuses on the value processes conected with particular company's units, then it focuses on budgeting and budgets (rigid and flexible), where students should gain theoretical and practical skills to handle budgets, long-term, short-term budgets and overhead costs budget. The core of the course is costing, namely costing theory and practice of costing - business costs in relation to the cost of individual performances, transformation of costs in the budgeting and accounting (generic costs) and the calculation structure (direct and indirect costs) and the capacitance structure (variable and fixed costs). They go through both traditional and modern approaches in calculations.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Entry knowledge
Rules for evaluation and completion of the course
Expertise is verified by an oral examination. The oral exam consists of two technical questions based on theoretical lectures from the defined management costs area. Student is classificated after answering the given questions according to the grading scale ECTS.Students skills are tested on two tests. These results can be taken into account in the final oral examination.Passing two control tests:TEST I (8th week) 20 pointsTEST II (13th week) 20 pointsMinimum amount of points to pass the credit is 25 points.Correction term is in the credit week.The exam is given on the basis oral examination.Check during the semester is based on the completion of two tests. In the case of excused absence from seminars, teacher in justified cases can set substitute requierement, usually eork out alternative task.
Aims
Study aids
Prerequisites and corequisites
Basic literature
Recommended reading
Elearning
Classification of course in study plans
Lecture
Teacher / Lecturer
Syllabus
The relationship between financial accounting, cost accounting and management accounting. Concept and breakdown of costs. Methods of cost classification. Type and purpose breakdown of costs, costing breakdown of costs, costs in relation to operating capacity utilisation and other aspects of cost breakdown.Cost management along performance lines. Costing, departmental and performance aspects of costing, costing process, allocation. Costing by division and costing using equivalence numbers. Concept of the costing system, costing as part of the economic information system of the enterprise.Full costing. Incremental costing, costing base and allocation issues in costing, applicability of incremental costing. Hourly overhead rate method.Credit test I.Full costing. Phased and sequential costing. ABC method.Incomplete costing, fixed cost allowance and first stage profit. Basic cost, revenue and profit management context. Selling price, variable costs, fixed costs, margin. Break-even analysis, fixed cost allowance and second-tier profit.Cost budgets in management. Purpose, process and budgeting, cost budgets for centre management. Budgeting methods_ ZBB.Cost management control tools. Differential costing methods, standard costing method. Standard cost method and variance analysis.Cost, revenue and profit and loss presentation in cost accounting. Single-circuit and double-circuit system of accounting information.Accountability management, the relationship between the organisational and economic structure of the enterprise. Value criteria in the management of responsibility centres. Costs, revenues, profit and loss of centres and types of transfer pricing.Credit test II.
Exercise