Managerial Accounting
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Course informations
| Study program level |
Graduate |
| Study program |
Management |
| Study program direction |
Small and medium enterprises |
| Course year |
1. |
| Course semester |
I |
| Course status |
Core |
| ECTS |
6 |
| Lectures (h) |
30 |
| Excercises (h) |
30 |
| Seminars (h) |
- |
Course objectives
- Enable students to apply the acquired knowledge and skills required for the analysis of financial statements when choosing a particular accounting alternative
- Provide quality accounting and financial advice needed to make short-term and long-term business decisions
Course outcomes
- Determine the content and importance of managerial accounting • analyze the underlying financial statements for different groups of users
- Select the management accounting tools needed to estimate company costs
- Recommend different analytical tools and techniques in the business analysis process of a company
- Evaluate the accounting effects of applying the transfer pricing method
- Review strategic accounting instruments
- Evaluate the possibility of using an information management system accounting system
- Assess the role of financial reporting in the implementation of internal control and auditing of the company
Course content
Concept, content and importance of managerial accounting. Analysis of financial statements (vertical, horizontal, indicators). Concept of cost management (cost sharing, cost allocation). Management planning and control of business activities. Standard costs in planning and control. Incremental analysis. Uncertainty, risk, likelihood. Accountability (business plan, budget). Accounting standards and reporting harmonization. Transfer prices. Strategic accounting and its instruments (concept and purposes, process cost calculation, balanced BSC target indicators). Analysis of the relationship between cost, scope and profit ratio (business leverage). Using the contribution margin model in making management decisions. Management accounting information system. Accounting and financial reporting in the function of risk management and implementation of internal control and auditing.
