Course Details

Managerial Accounting

Academic Year 2023/24

NVA038 course is part of 1 study plan

​ NPC-SIE Winter Semester 1st year

Internal accounting.
Budgets and budgeting.
Methods of making and control budgets.
Calculation and calculation system.
Reporting as a source of information for decision making.
Responsibility accounting.
Performance-oriented accounting.

Course Guarantor

Ing. Eva Vítková, Ph.D.

Institute

Institute of Structural Economics and Management

Objective

Understanding the difference between financial, managerial and internal accounting.

Knowledge

Knowledge in the field of control of budget execution, creation of reports, understand the possibilities and the importance of standard cost method from point of view of the manager.

Syllabus

1. Characteristics of managerial accounting, link between individual business areas.
2. Basic concepts and criteria of management accounting, cost classification.
3. Defining of differences between internal and financial accounting.
4. Recording of Revenues and Costs in Accounting - single cirle accounting system.
5. Recording of revenues and costs in accounting - double circle accounting system.
6. - 7. Relation of the calculation system to the managerial accounting.
8. - 9. Relation the budget system to managerial accounting.
10. Relation financial analysis to managerial accounting.
11. - 12. Standard Cost and Revenue Method.
13. Use of information from management accounting for pricing and strategic management.

Prerequisites

Financial accounting, pricing, finances in the construction company.

Language of instruction

Czech

Credits

5 credits

Semester

winter

Forms and criteria of assessment

course-unit credit and examination

Specification of controlled instruction, the form of instruction, and the form of compensation of the absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Offered to foreign students

Not to offer

Course on BUT site

https://www.vut.cz/en/students/courses/detail/271118

Lecture

13 weeks, 2 hours/week, elective

Syllabus

1. Characteristics of managerial accounting, link between individual business areas.

2. Basic concepts and criteria of management accounting, cost classification.

3. Defining of differences between internal and financial accounting.

4. Recording of Revenues and Costs in Accounting - single cirle accounting system.

5. Recording of revenues and costs in accounting - double circle accounting system.

6. - 7. Relation of the calculation system to the managerial accounting.

8. - 9. Relation the budget system to managerial accounting.

10. Relation financial analysis to managerial accounting.

11. - 12. Standard Cost and Revenue Method.

13. Use of information from management accounting for pricing and strategic management.

Exercise

13 weeks, 2 hours/week, compulsory

Syllabus

1. - 2. Orientation in the financial statements, classification of costs and revenues.

3. - 4. Accounting cases in financial accounting.

5. Recording of accounting cases in internal accounting - single circle accounting system.

6. - 7. Recording of accounting cases in internal accounting - double circle accounting system.

8. - 9. Accounting cases in internal accounting in relation to Standard costs and revenues.

10. - 11. Determination of deviations.

12. Use of value criteria in the management of accountable centers.

13. Credit test.