Cost and Managerial Accounting

obligatory courses

Lecture:

1. The concept and role of management accounting. Tasks and responsibilities of management accounting specialists

2. Classification of costs for the purposes of accounting and calculation. Full cost account.

3. Account of variable costs. Methods of dividing costs into fixed and variable. Profit in variable cost accounting. Comparison of the profit in the full and variable costs account

4. Cost volume profit analysis. Break-even point for single and multi-product situation.

5. Margin of safety. Operational, financial and combined leverage.

6. Costs in management decisions. Relevant cost analysis. Opportunity cost. Apply relevant costing principles in situations involving one off contract. Minimum price.

7. Identification limiting factors in a scares resource situation. Determine the optimal production plan in situations in which one and more than one factor is limited.

Exercises

1. Classification of costs for accounting and calculation purposes. Full cost account

2. Manufacturing cost. Inclusion in the calculation of the manufacturing cost of incomplete use of production capacity.

3. Settlement of differences between actual and planned costs Cost budgetary deviations.

4. Case study – multi product situation, incomplete use of the production capacity, settlement of budget deviations, profit in accordance with the concept of full cost accounting

5 . Variable cost account. Methods of classification of costs into fixed and variable. Profit in variable cost accounting.

6 . Comparison of the profit in the full and variable costs account.

7 . Break-even analysis. Break-even point for single-assortment production.

8 . Break-even point for multi-production situations.

9 . Safety margin. Case study - preparation of a report assessing how the proposed changes to the remuneration rules will affect the profit

10 . Operational, financial and combined leverage.

11. Pricing decisions using cost-based methods

11 . Costs in management decisions. Relevant cost analysis.

13. Opportunity cost. Apply relevant costing principles in situations involving one off contract. Minimum price.

14. Determine the optimal production plan in situations of one limiting factor.

15. Short-term decisions. Determine the optimal production plan in situations in more than one factor is limited.

Total number of hours - student workload (6 ECTS - 180 hours)

Classes (including completion of exercises) - 44 hours

Reading literature for classes - 50 hours

Completion of commissioned homework (solution of tasks) and preparation of case studies - 45 hours

Preparation to pass the exercises - 15 hours

The exam and its preparation - 26 hours

Basic bibliograhy:

G.Świderska red, Controlling kosztów i rachunkowość zarządcza, Difin 2010 (dostęp: sde.wz.uw.edu.pl)

A.Jaruga, P.Kabalski, A.Szychta, Rachunkowość zarządcza,Wolters Kluwer Warszawa 2014

Supplementary bibliography:

D.Maciejowska, Koszty i ich rachunek, Wydawnictwo Naukowe WZ UW, Warszawa, wyd.V, 2018.

J.Rutkowska, D.Świderska-Rak, Komputerowe wspomaganie rachunkowości zarządczej, Wydawnictwo Naukowe WZ UW, Warszawa, 2016.

A.Szychta, J.Dobroszek, Postrzeganie controllingu w środowisku naukowym rachunkowości w Polsce, Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, nr 471, 2017

A.Szychta, Management accounting practices in developing countries since the 1990s: the case of Poland, Zeszyty Teoretyczne Rachunkowości, Stowarzyszenie Księgowych tom 99 (155), 2018, s. 119−148

Lecture: written exam (closed and open questions, tasks) - 70%, ongoing participation in classes (quizzes, discussion) - 30%

Exercises - final written test - 60%, current verification of acquired skills ( quizzes , group work) - 4 0%,