Course detail

Cost Accounting

FP-UnuPAcad. year: 2025/2026

The course focuses on the following areas in particular:
Costs and revenues, their meaning and possible breakdown (especially by type, purpose, calculation, by responsibility for creation, from the perspective of requirement for decisions)
Management costing – calculation (terms, subject of calculation and its definition, attribution of costs to subject of calculation, calculation of full and variable costs, structure of costs in calculation, calculation system)
- budgeting and budgets, (basic concepts, breakdown in terms of budgets, principles and methods of creating budgets, behavioural aspects of budgeting, long-term and short-term budgets, budget overheads, monitoring budget implementation)

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

Ing. Pavla Srbová, Ph.D.

Department

Institute of Finances (ÚF)

Entry knowledge

Basic knowledge of financial accounting, general knowledge of microeconomics and business economics.

Rules for evaluation and completion of the course

Requirements for credit:

active participation in the classes (max. 1 absence without excuse) and
obtaining a minimum of 25 points from two continuous tests (1st test max. 25 points, 2nd test max. 25 points). Registration in the IS BUT is required for the tests.

If the student does not obtain the required number of points, he/she may take an additional test. This test is worth a maximum of 25 points, cancels the worst of the original tests and covers the syllabus of the entire semester.

For students studying according to the ISP, one term of the test will be announced, which will include the whole discussed issue (max. 50 points).

The evaluation of the exercises enters into the overall evaluation of the course.

Examination requirements:

Knowledge is tested by an examination, which is written. Only students who are registered for the examination in IS and have credit are allowed to take the examination. The exam contains both theory and practical examples.

The time to complete the exam is 60 minutes. A maximum of 50 points can be obtained in the exam, a minimum of 25 points is required to pass the exam. Incorrect answers and unreadable answers are marked as unsatisfactory.

The final course grade is the sum of the credit and exam scores. The examination is graded according to the ECTS scale.

Aims

Understanding the importance of cost breakdowns, gaining knowledge linked to the preparation and use of calculations both in theoretical field and on the level of practical applications.
Gaining theoretical and practical skills needed for the creation and monitoring of long-term and short-terms budgets and budget overheads.


Skills: The student will be able to recognise the possibilities and restrictions of individual means of classifying costs in terms of their predictive abilities from the point of view of the manager taking into account the specifics of the business entity. They realize the possibility of cost management and understand the connection between cost classification, calculations and their linkage to budgets.
Skills: On both theoretical and practical levels, they acquire the knowledge necessary for determining the structure of costs in calculations, and choose the calculation techniques and systems – all with reference to the specifics or possibilities of the enterprise, or respectively the field of business.
They will learn to produce simplified long-term and short-term budgets and budget overheads including means of monitoring them.
Abilities: Students can produce a calculation formula with regard to the specific needs of the enterprise and using the appropriate technique allocate budget overheads to calculation unit/quantity, can produce simplified long-term and short-term budgets, and are able to check the implementation of the budget using monitoring methods selected with regard to the specific features of the company.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

FIBÍROVÁ, J., L. ŠOLJAKOVÁ, J. WAGNER a P. PETERA. Manažerské účetnictví: nástroje a metody. 3. upravené vydání. Praha: Wolters Kluwer, 2020. ISBN 978-80-7598-885-0. (CS)
HRADECKÝ, M., J. LANČA a L. ŠIŠKA. Manažerské účetnictví. Praha: Grada, 2008, 259 s. ISBN 978-80-247-2471-3. (CS)
KRÁL, B.. Manažerské účetnictví. 4. rozšířené a aktualizované vydání. Praha: Management Press, 2018, 791 s. ISBN 978-80-7261-568-1. (CS)
LAZAR, J. Manažerské účetnictví a controlling. Praha: Grada, 2012, 271 s. ISBN 978-80-247-4133-8. (CS)
DRURY, Colin. Management and cost accounting. Eleven edition. Andover: Cengage Learning, 2021, 898 s.. ISBN 978-1-4737-7361-5. (EN)
POPESKO, B. a Š. PAPADAKI. Moderní metody řízení nákladů. 2. aktual. a rozš. vyd. Praha: Grada Publishing, a.s., 2016. ISBN 978-80-247-5773-5. (CS)

Recommended reading

HORNGREN, Charles, T. Cost Accounting – A Managerial Emphasis. 14-th.ed. New Jersey, Prentice Hall International, 2011, ISBN-13: 978-0136126638 ISBN-10: 0136126634.
HRADECKÝ, M., J. LANČA a L. ŠIŠKA. Manažerské účetnictví. Praha: Grada Publishing a.s., 2008. ISBN 80-2472-475-1. (CS)
KRÁL, Bohumil a kolektiv: Manažerské účetnictví v případových studiiích a úlohách – dotisk. Praha, Nakladatelství VŠE, 1997, 136 stran, ISBN 80-7079-990-0.
ŠOLJAKOVÁ, Libuše a kolektiv: Nákladové účetnictví v příkladech a úlohách. 1.vydání. Praha VŠE, Oeconomica, 2011. 230 stran. ISBN 978- 80-245-1752-0.

Classification of course in study plans

  • Programme BAK-UAD Bachelor's 3 year of study, winter semester, compulsory

Type of course unit

 

Lecture

13 hod., optionally

Teacher / Lecturer

Ing. Pavla Srbová, Ph.D.

Syllabus

  1. Introduction to cost accounting and its relevance to financial and management accounting; classification of costs in management accounting
  2. Costing types, introduction to calculations, costing formulas and costing methods
  3. Costing methods - continuation
  4. Costing system, standard costing ( deviations), activity-based costing
  5. Budgeting, budget methods
  6. Budget control and capacity tasks

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. Pavla Srbová, Ph.D.

Syllabus

  1. Cost classification
  2. Cost classification - continuation
  3. Single Costing Method, Costing with Equivalence Numbers, Overhead Rates Costing, Costing of Hourly Overhead Rates
  4. Chosen Calculation Methods - complex example
  5. Phase Costing Method, Step Costing Method, Costing of Aggregated Outputs
  6. Progress Test
  7. Variable Costing, Inventory Valuation
  8. Activity-based Costing (ABC), Index Budgeting
  9. Chosen Budgets Methods - complex example
  10. Standard Costing (deviations), Zero-based Budgeting
  11. Decision Tasks
  12. Final Test
  13. Corrective test