Study programmes / C-EM Economics and Management / Managerial Accounting
Course code:MUC
Course title in language of instruction:Manažerské účetnictví
Course title in Czech:Manažerské účetnictví
Course title in English:Managerial Accounting
Mode of completion and number of credits:Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/1; part-time, 16/0
(full-time, hours of lectures per week / hours of seminars per week; part-time, lectures per period / seminars per period)
Language of instruction:Czech
Level of course:master continuing
Semester:WS 2018/2019 - FBE
Name of lecturer:Ing. Petr Habanec (instructor)
doc. Ing. Patrik Svoboda, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites:Final Bachelor Exam
Aims of the course:To give a survey of the managerial accounting methods, the possibilities of application methods and accounting information in the financial management from the point of view of the different levels of the company management. Students after completing the course are able to recommend methodologies for processing information about the business entity for internal management purposes in connection with business activities and organizational structure of the enterprise.
Course contents:
1.Cost accounting its expression, history. Relation between cost accounting, managerial accounting and financial accounting (allowance 2/1)
a.History of managerial accounting
b.Differences in the content, extend and time orientation

2.Cost expression in managerial accounting (allowance 4/2)
a.Basic approaches to the cost expression
b.Managerial accounting cost expression, differences between financial accounting
c.Cost classification, functions of classification in managerial accounting

3.Costing (allowance 6/3)
a.Costing, basic terms and function in the cost management
b.Methods of costing
c.Methods of costing and profit or loss calculation differences
d.Costing system, application in management

4.Responsibility accounting (allowance 6/3)
a.Preconditions of responsibility accounting application
b.Centralization and decentralization
c.Types of responsibility center, organizational and economic structure
d.Transfer pricing

5.Budgeting (allowance 6/3)
a.Functions of budget, plan and budget relation
b.Budgeting process
c.Types of budgets, methods of budgeting
d.Utilization of budget in control

6.Standard cost Method (allowance 4/2)
a.Function of Standard cost method
c.Variances and variances analyze

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to make decisions
-ability to solve problems
-capacity to adapt to new situations
-professional knowledge

Specific competences:
-Ability to choose methodologies for recording activities in relation to the nature of activities
-Understanding of cost allocation method
-Undestanding of managerail accounting methods
-Use of information for internal decision making and management

Type of course unit:required
Year of study:Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement:There is no compulsory work placement in the course unit.
Recommended study modules:none
Assessment methods:Credit: Conditions for credit - active participation in exercises, midterm test - complex example.
Examination: The examination is written (the length of exam is 120 minutes) it consists of a comprehensive example of the processing of information, 8 partial examples in various areas of management accounting and five open questions. The total amount of marks is 100 points. It is required at least 50% of each part.
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture28 h0 h
     practice14 h0 h
     consultation0 h16 h
     preparation for exam84 h152 h
     preparation for regular assessment42 h0 h
Total168 h168 h

Basic reading list
  • DRURY, C. Management and cost accounting. 8th ed. Andover: Cengage Learning, 2012. 783 p. ISBN 978-1-4080-4180-2.
  • FIBÍROVÁ, J. -- ŠOLJAKOVÁ, L. -- WAGNER, J. Manažerské účetnictví: nástroje a metody. 1st ed. Praha: Wolters Kluwer Česká republika, 2011. 391 p. ISBN 978-80-7357-712-4.
  • KRÁL, B. Manažerské účetnictví. 3rd ed. Praha: Management Press, 2010. 660 p. ISBN 978-80-7261-217-8.
Recommended reading list
  • GARRISON, R. Managerial Accounting. 14th ed. Irwin: McGraw-Hill, 2011. 832 p. ISBN 978-00-7811-100-6.