Course syllabus NUCT - Cost Accounting (ŠAVŠ - Sklad předmětů)

     Czech          English          

Course title: Cost Accounting
Semester: -- item not defined --
Course supervisor: Ing. Josef Horák, Ph.D.
Supervising department: Department of Finance and Accounting (ŠAVŠ)
Prerequisites for registration: not Bachelor state examination
Time allowance: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
part-time, 0/16 (lectures per period / seminars per period)
Type of study: usual
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (3 credits)
Course objective:
Define the differences in substance and concept of financial and managerial accounting.
Application of the product oriented and responsibility accounting information in cost management.
 
Course methods: -- item not defined --
 
Course content:
1.Relation between financial, cost and management accounting. (allowance 2/2)
2.Profit and loss statements with cost classification by nature and by function. (allowance 2/2)
3.Criteria for performance management following shareholders and following managers. (allowance 2/2)
4.Cost concepts and cost classification in cost accounting -- unit and overhead costs, direct and indirect costs, variable and fixed costs. (allowance 2/2)
5.Variable and fixed cost for performance management 1 -- break-even-point analysis. (allowance 2/2)
6.Variable and fixed cost for performance management 2 -- managerial profit and loss statements with variable and fixed costs classification. (allowance 2/2)
7.Standard costing and difference analysis. (allowance 2/2)
8.Costing terminology (methods of costing, content, structure of cost card). (allowance 2/2)
9.Absorption and variable costing, contribution margin calculation. (allowance 2/2)
10.Costing system and its application in management (target, estimated, operational and actual costing). (allowance 2/2)
11.Role of cost budgets in planning and budgeting system. Responsibility accounting. (allowance 2/2)
12.Reporting in cost accounting. (allowance 2/2)
 
Learning outcomes and competences:
After completing the course, student will be able to:
 
-Will interpret the basic concepts of cost accounting
-Will prove the ability to compile a full and variable cost calculation, will explain the importance of the calculation system for management purposes
-Will prove the ability to record the accounting transactions within a one-circuit and two-circuit accounting system
-Will prove to explain the links between efficiency, effectiveness, and economy

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendanceCombined form
Direct teaching
     Attendance of lectures24 h16 h
     Attendance of courses/seminars/tutorials24 h0 h
     Consultations with teacher (part-time form of study)0 h8 h
Self-study
     Ongoing evaluation14 h38 h
     Preparation for final test22 h22 h
Total84 h84 h
 
Assessment methods:
Requirement typeDaily attendanceCombined form
Active lecture/seminar/workshop/tutorial participation10 %10 %
Mid-term test(s)30 %30 %
Final test60 %60 %
Total100 %100 %
 
Course completion:
Full-time form of study:

There will be three mid-term tests during the semester. These tests will take place on 5th, 9th, and 11th seminar. From each of the mid-term tests can a student obtain up to 10 points. All mid-term tests must be written during the seminars (except for special occurrences such as, for instance, hospitalization, etc.). In case of absence, a student is allowed to take a missed test during the following week after he/she has returned to school. The principal goal of these tests is to motivate students for continuous studying during the semester, therefore, taking these mid-term tests at the end of the semester is forbidden.
Students will have an opportunity to obtain up to 10 points during the semester depending on their activity during the seminars. Any additional alternatives in order to obtain these points are not allowed.
Within the seminars, students must overall (either from their activity or mid-term tests) obtain at least 15 points in order to be allowed to take the final exam. Students are allowed to have one missed seminar without any official explanation (other missed seminars must be officially excused, for example, by a medical institution, etc.). The final exam will be in a written form and it will be divided into theoretical part (30 points) and practical part (30 points).

Part-time form of study:

There will be three mid-term tests during the semester. These tests will take place on 2nd, 3rd, and 4th tutorial. From each of the mid-term tests can a student obtain up to 10 points. All mid-term tests must be written during the tutorials (except for special occurrences such as, for instance, hospitalization, etc.). In case of absence, a student is allowed to take a missed test during the following week after he/she has returned to school. The principal goal of these tests is to motivate students for continuous studying during the semester, therefore, taking these mid-term tests at the end of the semester is forbidden.
Students will have an opportunity to obtain up to 10 points during the semester depending on their processing of homework and their upload into the "List of topics and coursework submissions in the Academic Information System. Any additional alternatives in order to obtain these points are not allowed.
Within the seminars, students must overall (either from their activity or mid-term tests) obtain at least 15 points in order to be allowed to take the final exam. Students are allowed to have one missed tutorial without any official explanation (other missed seminars must be officially excused, for example, by a medical institution, etc.). The final exam will be in a written form and it will be divided into theoretical part (30 points) and practical part (30 points).
 
Support for combined/distance forms of study:
Information materials, lectures and examples are available in the Document server.
 
Reading list:
Basic:
Language of instruction: Czech
KRÁL, B. Manažerské účetnictví 4. rozšířené a aktualizované vydání. Praha: Management Press, 2019. 792 p.
KRÁL, B. -- FIBÍROVÁ, J. -- ŠOLJAKOVÁ, L. Manažerské účetnictví – nástroje a metody. Praha: Wolters Kluwer, 2015. 404 p. ISBN 978-80-7478-743-0.
ŠOLJAKOVÁ, L. Nákladové účetnictví v příkladech a úlohách. Praha: Oeconomica, 2011. 230 p. ISBN 978-80-2451-752-0.
Language of instruction: English
TASCHNER, A. -- CHARIFZADEH, M. Management Accounting and Control: Tools and Concepts in a Central European Context. Weinheim: Wiley VCH, 2017. 350 p.
DRURY, C. Cost and Management Accounting. 7th ed. Andover: South-Western Cengage Learning, 2011. ISBN 978-1-4080-3213-8.

Study plans:
B-EM-FME Business Administration and Financial Management, full-time form, initial academic year WS 2012/2013
B-EM-FME Business Administration and Financial Management, full-time form, initial academic year WS 2016/2017
B-EM-FAM Business Administration and Financial Management, full-time form, initial academic year WS 2018/2019
B-EM-FAM Business Administration and Financial Management, part-time form, initial academic year WS 2018/2019
B-EM-FME Business Administration and Financial Management, full-time form, initial academic year WS 2018/2019
B-EM-FAM Business Administration and Financial Management, full-time form, initial academic year WS 2018/2019
Track BFR Financial Management full-time form, initial academic year WS 2019/2020
Track BFR Financial Management full-time form, initial academic year WS 2019/2020
Track BFRE Financial Management full-time form, initial academic year WS 2019/2020
Track BFR Financial Management part-time form, initial academic year WS 2019/2020
 
Run in the period of: WS 2019/2020, SS 2018/2019, WS 2018/2019, SS 2017/2018, WS 2017/2018, SS 2016/2017   (and older)
Course tutor: Ing. Josef Horák, Ph.D. (supervisor)
Ing. Monika Randáková, Ph.D. (examiner, instructor, lecturer)
Teaching language: Czech, English
Room: Mladá Boleslav


Last modification made by Ing. Josef Horák, Ph.D. on 07/01/2019.

Type of output: