SYLLABUS

University: Technical University of Košice

Faculty: Faculty of Economics

Department: Department of Finance

Course Number: 35000358

Course Name: Managerial accounting

Type, scope and method of learning activities:
Course Type: Lecture
Recommended scope of the course content (in hours):
Full-time study (hours per week): 2
Part-time study (hours per semester): WT 26
Study Method:

Number of credits: 3

Recommended semester of study: WT

Recommended semester

Study programme

Study grade

Study Method

3.rok WT

Finance, Banking and Investment (FBI_Bc_D_en)

Bachelor

Attendance

Level of study:

Prerequisites:

Course completion requirements:
Assessment and completion of the course: Graded credit test
Continuous assessment:
Final assessment: Student passes the final assessment and passes the examination when he or she meets the requirement to obtain at least 51% out of 100%.
Course evaluation consists of a graded credit (100%) - written exam (via Moodle)
Overall assessment: Overall assessment is the sum of the assessments obtained by students in the assessment period. The overall result is determined in accordance with the internal regulations of the Technical University in Košice. (Study Regulations, the internal regulation principles of doctoral studies)

Learning outcomes:
Managerial accounting is an optional subject, which follows on from the compulsory subjects Accounting I. and Accounting II. The aim of the course is to acquaint students with the basic tasks of managerial accounting in relation to financial accounting and in relation to management and decision-making. To acquaint students with the essence, goals and structure of managerial accounting, to understand the breakdown of costs and the calculation system, to know the principles, procedures and methods of internal accounting. Attention is paid to preliminary and final calculations, non-traditional methods of calculation and cost budgeting. Students are acquainted with the theory in connection with examples and case studies in these areas.

The student will gain knowledge of (i) the behavior of costs and their breakdown of costs from different perspectives in the practice of entities, knowledge of the causes of cost growth, which in practice leads to decisions related to planning and budgeting based on greater certainty about the final results. Knowledge of calculation methods for different types of production, understanding of the theory of budget processing.
Students will be able to apply this knowledge in practice and demonstrate skills (ii) how to compile standard and non-traditional cost calculations, which is important in the practice of the company to maintain control over costs. Be able to charge and calculate overheads and calculate full cost, find out what the impacts of a particular decision the organization is considering would be, such as whether to increase the production of a particular product.
In the context of competencies (iii) the student can communicate effectively (in writing and electronically) with the economic environment of the entity, express himself with the correct accounting terminology, is able to assess the ethical and economic aspects of their decisions.

Classical and alternative teaching methods are used in the subject. Motivational methods are: interview / storytelling, problem-solving, exchange of views, case studies with practical examples, self-assessment of students. Exposure and fixation methods are classical and interactive lecture, interpretation, repetition, consolidation and rehearsal of the curriculum, discussion at exercises, written repetition (test, paper). The teaching methods in the exercises are focused on the acquisition, support and development of skills and competencies. They are supplemented by methods of independent student work (self-study, independent solution of similar case studies, examples).

Brief course content:
1. L: Definition of managerial accounting, its development, goal, content and structure. Relationship and differences between managerial and cost (intra-organizational) accounting. Definition of individual components of managerial and cost accounting, their content and basic tasks.
2.L: Characteristics of costs and revenues as the main category of managerial accounting. Classification of costs according to various criteria - total costs, average costs, primary, secondary, direct, indirect, unit, overhead, fixed, variable, incremental, marginal, external, internal, relevant, calculation and others. Costs important for business decisions - examples.
3.L: Organization, form and technique of internal organizational accounting and possible variants of internal organizational accounting. Variant 1.1 of internal organizational accounting - examples. Variant 1.2 and 1.3 internal accounting - examples.
4. L: Variant 2 of internal accounting. Variant 3 of internal accounting - in tabular form. Variant 3 keeping internal organizational accounting - double-entry accounting in the event that the costs actually incurred are recognized as internal organizational income. Option 3 of internal accounting - double-entry accounting if pre-determined costs are recognized as internal income according to the preliminary calculation.
5.L: Internal structure. Definition and division of services, departments. Place of origin and responsibility of costs. Basic calculation concepts and their characteristics. Company calculation system. Preliminary calculations - their meaning and division. Cost scheduling. Cost allocation. Instead of cost calculations in controlling.
6. L: Classical calculations of total costs. Compilation of classical calculations according to the type calculation formula. Linking their items to the valuation of inventories of own production. Assessment of classical (traditional) methods in comparison with new (non-traditional) approaches. Advantages and disadvantages of the traditional cost system. Critique of traditional practices. Material problems in the area of overhead costs. Use of variable and fixed costs in management and decision-making - examples.
7. L: Variable Costing - a non-traditional method of costing. Its forms, use, advantages and disadvantages in comparison with the classical calculation of total costs. Calculations of variable (incomplete) costs - examples.
8. L: Activity Based Costing (ABC) - a non-traditional method of costing. The essence and basic principle of the ABC method. Processes, activities, activities. Activity costing - examples.
9. L: Contribution of the ABC method to cost evaluation. Software support of the ABC method in the company. Internal financial statements prepared according to the structure of the profit and loss statement and internal financial statements prepared according to the needs of internal management. Specification of basic activities as a prerequisite for using the ABC method. Model simulation of cost calculation by ABC method.
10. L: Technical means of internal organizational accounting - bindings, documents, clearing.
11. L. Decision making tasks. Relationship between managerial and cost accounting to the stages of the decision-making process. Basic classification of decision-making tasks that require accounting information. Decision criteria.
12. L: System of plans and budgets. The position of the overhead budget in the system of plans and budgets. Basic characteristics and importance of budgeting. Annual budgeting. Internal and corporate budgets. Budgeting - a coherent example.
13. L. Written test with practical assignment.

Recommended Reference Sources:
1. study materials in Moodle
2. Mackey, T: 2000: Management accounting. South-Western College Publishing.

Recommended optional program components:
An alternative way of obtaining a part of the allocated point evaluation is the elaboration of individual works from assignments, case studies, complex accounting examples and their presentation.

Languages required for the course completion: Slovak

Notes:

Course assessment:
Total number of students assessed: 4

25%

75%

Teacher:
Ing. Lenka Hudáková Stašová, PhD.

Last modified: 31.08.2023

Approved by: person(s) responsible for the study program