Managerial Accounting 1155-12-M21-0-ManAc

This course shows the fundamental concepts of managerial accounting. Especially in range of such topics as:
1. The scope of management accounting:
a) definition of management accounting,
b) users of accounting information,
c) the decision-making process,
d) the role of the management accountant in the management process,
e) cost accounting and management accounting,
f) sources of costs, revenues and profit.
2. Cost and revenue classification
a) Classification of costs for stock valuation and profit measurement
b) Classification for decision-making and planning
c) Classification for control
3. Cost-Volume-Profit Analysis:
a) cost-volume-profit relationships,
b) the break-even chart,
c) the break-even analysis and the contribution margin,
d) the break-even analysis for single assortment production,
e) the break-even analysis for multi assortment production,
f) the break-even analysis modiffications,
g) the break-even analysis for cash flow.
4. Profit sensitivity analysis:
a) margin of safety
b) marginal values
c) operating leverage
d) financial leverage
e) profit multiplayers.
5. Pricing decisions:
a) product life circle,
b) cost-based pricing formulae,
c) limitations of cost-based pricing,
d) reasons for using cost-based pricing formulae,
e) Boston Consulting Group Matrix,
f) relevant costs vs. pricing decisions.
6. Cost estimation:
a) purchasing power of money,
a) the visual inspection method,
b) the High-low method,
c) linear regression analysis - The least-squares method,
d) the coefficient of determination.

After the end of the course student knows:
Within the scope of lectures - W1:
1. knows, understands and considers – from the perspective of management theory – the principles and methods of rationalising decision making, regarding strategic decisions in particular,
2. sources of costs, revenues and profit,
3. factors influencing value of profit,
4. calculation of prices,
5. analysis financial reports for management purposes.
6. analysis of the relationship: the cost - sales volume – profit,
7. analysis of the threshold profitability and earnings sensitivity.
Within the scope of classes - U1, K1:
1. can forecast, identify and analyse problems related to the operations and development of an organisation, making use of theoretical knowledge and formulating own opinions describes chosen problem,
2. uses proper methods to find solution,
3. formulates decision-making problems,
4. uses proper methods to find optimal solutions,
5. interprets results.
6. can plan and act as an entrepreneur,
7. understands the need to constantly strive to broaden their knowledge and their skills,
8. can interact and work within the task forces, taking in their various roles,
9. has knowledge and skills that allow them to extract information in order to solve specific problems,
10. can independently and critically complement the knowledge and skills,
11. can think and act in an entrepreneurial manner.