FIUNANMU Managerial Accounting

School of Business Administration in Karvina
Winter 2018
Extent and Intensity
1/2/0. 5 credit(s). Type of Completion: zk (examination).
Ing. Markéta Skupieňová, Ph.D. (lecturer)
Ing. Markéta Skupieňová, Ph.D. (seminar tutor)
Guaranteed by
doc. Dr. Ing. Jaromír Lazar
Department of Finance and Accounting - School of Business Administration in Karvina
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
Managerial Accounting builds on the basic knowledge of accounting, based on the definition of the differences in the content and concepts of financial and managerial accounting. The main attention is devoted to understanding the nature and diversity of accounting information for management along the line outputs (product-oriented accounting) and management along the line of accountability (responsibility accounting). The course is given to approaches breakdown of costs for management (prime and overhead, direct and indirect, variable and fixed). The content of the course are the basic tools of value management - a system costing, budgeting and transfer pricing. Then it comes to the application of acquired knowledge in value management, in particular economic structure centers, understanding the relationship of its profits and earnings resorts. After successful completion of the course, students should be able to choose the appropriate in-house business management systems in relation to different decision-making tasks that control workers to solve. Furthermore, propose management accounting, recommend amendments thereto, is clearly justified. Create a model of evaluation performance management centers and profit enterprise as a whole.
  • Managerial Accounting
    The differences between managerial and financial accounting are explained as well as the management accountant in the organization and managerial accounting in the management process. Strategic management skills, enterprise risk management skills, process management skills, leadership skills, measurement skills, the importance of ethnics in business and corporate social responsibility are examined to properly understand principles of managerial accounting.
    Cost Concepts and Process Costing
    Cost concepts and process costing are described through general cost classifications, product costs, period costs, cost classifications for predicting cost behavior, the analysis of mixed costs, direct cost and indirect cost. Job order costing, comparison of job order costing and process costing, cash flow in process costing, operating costing and equivalent units of production are explained in detail focusing on the principles of managerial accounting.
    Calculation System
    Calculation system is based on understanding the basics of cost-volume-profit analysis, target profit and break-even analysis, variable and absorption costing, advantages of variable costing with absorption costing income, nonmanufacturing costs and activity-based costing, manufacturing costs and activity-based costing, cost pools, allocation bases, the mechanics of activity-based costing and targeting process improvements.
    Budgets and Performance Analysis
    Budgets and performance analysis is described through the basic framework of budgeting, preparing the master budget, flexible budgets, flexible budgets with multiple cost drivers, using standard costs-direct materials variances and direct labor variances including the materials quantity variance, the materials price variance, labor efficiency variance and labor rate variance, general model for standard cost variance analysis and international uses of standard costs.
    Performance Measurement
    Performance measurement is examined to properly understand decentralization in organizations, responsibility accounting, evaluation investment center performance including return on investment, residual income, operating performance measures, balanced scored. Differential analysis includes cost concepts for decision making, opportunity cost, special orders, utilization of a constrained resource and join product costs and the contribution approach.
    Financial statement analysis
    Financial statement analysis includes limitations of financial statement analysis, statements in comparative and common-size form, ratio analysis and target costing. Mentioned is also statement of cash flows and capital budgeting. Capital budgeting is described through planning investments and discounted cash flows including the net present value method, the internal rate of return method and expanding the net present value method.
    required literature
  • WARREN, C.S., REEVE, J.M. and J.E. DUCHAC. Managerial Accounting. USA: Cengage Lending, 2014. ISBN 978-1-285-86880-6. info
  • GARRISON, R. H., NOREEN, E. W. and C. P. BREWER. Managerial Accounting. New York: McGwaw-Hill, 2011. ISBN 978-0-07-811100-6. info
  • JIAMBALVO, J. Managerial Accounting. 4th ed. . John Wiley & Sons, Inc., 2009. ISBN 978-0-470-33334-1. info
    recommended literature
  • RICH, J.S., JONES, J.P., HEITGER, D.L., MOWEN, M.M and D. R. HAN. Cornerstones of Financial & Managerial Accounting. USA: South-Western Cengage Learning, 2012. ISBN 978-0-538-47348-4. info
  • HEISINGER, K. Essentials of Managerial Accounting. USA: South-Western Cengage Learning, 2009. ISBN 978-0-618-9. info
  • PROCTOR, R. Managerial Accounting for Businesses Decisions. 3rd ed. England: Pearson Education Limited, 2009. ISBN 978-0-273-71755-3. info
Teaching methods
Lecture with presentation in Power-point
Assessment methods
Language of instruction
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Teacher's information
attendance in seminars 50%, ongoing test, case study
ActivityDifficulty [h]
Ostatní studijní zátěž47
The course is also listed under the following terms Winter 2016, Winter 2017, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023.
  • Enrolment Statistics (Winter 2018, recent)
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