Cost and Managerial Accounting 2600-MSMdz1RKRZ
Lecture:
1. The concept and role of management accounting. Tasks and responsibilities of management accounting specialists
2. Classification of costs for reporting and management purposes.
3. Calculation of production costs. Selection and use of various calculation accounts. Full cost accounting.
4. Variable cost accounting. Comparison of the financial result in full and variable cost accounting.
5. Break-even analysis. Break-even point for single and multi-assortment production. Sensitivity analysis. Safety margin. Operating, financial and combined leverage.
6. Costs in management decisions. Essential costs, costs of lost benefits. Acceptance of an additional order, lower price limit.
7. Short-term decisions. Problems concerning the sales and production plan for single and multiple limiting factors.
Exercises:
1. Classification of costs for reporting and management purposes.
2. Cost of production. Costs of unused production capacity. Budget cost variances.
3. Calculation of the cost of producing a product using various calculation methods.
4. Case study – multi-assortment production, unused production capacities, settlement of budget variances, financial result in line with the concept of full cost accounting
5. Variable cost accounting. Financial result in variable cost accounting. Comparison of the financial result in full and variable cost accounting.
6. Break-even analysis. Break-even point for single-assortment and multi-assortment production. Sensitivity analysis. Safety margin.
7. Costs in management decisions. Essential costs, costs of lost benefits. Application of essential cost analysis in the decision-making process. Acceptance of an additional order.
8. Identification of factors limiting production volumes. Problems concerning the sales and production plan for one limiting factor.
Type of course
Course coordinators
Term 2024Z: | Term 2023Z: |
Learning outcomes
Student after completing the course:
in terms of knowledge:
E_W1 - Defines the role of management accounting and the tasks and responsibilities of management accounting specialists (K_W01)
E_W2 – Discusses methods and instruments of information support for managerial decisions (K_W02)
in terms of skills:
E_U1 - Determines the cost of production using selected methods and calculates the financial result in accordance with the principles of full and variable costing (K_U01)
E_U2 - Uses variable costing to analyze profitability and support decision-making processes at the operational management level (K_U01)
E_U3 - Correctly interprets information about costs and their impact on the financial result and on making short-term management decisions (K_U02)
E_U4 - Independently prepares and communicatively presents reports for the purpose of analyzing effectiveness and making short-term management decisions (K_U06)
E_U5 - Recognizes the role of self-education in operational management and the use of the latest IT tools to support decision-making processes (K_U09)
in terms of social skills:
E_K1 - Critically evaluates the role and impact of costs on economic events occurring in the organization (K_K01)
E_K2 - Explains the importance of compliance with ethical principles by employees in advisory roles to management (K_K02)
Assessment criteria
Lecture: written test (closed and open questions, tasks)
Exercises – final written test - 60%, ongoing testing of the skills mastered (quizzes, group work) – 40%,
Passing each form from 55%
Course grade: average grade from exercises and lecture
Bibliography
Basic literature:
G. Świderska ed., Cost Controlling and Management Accounting , Difin 2010 (access: sde.wz.uw.edu.pl)
A.Jaruga, P.Kabalski, A.Szychta, Management accounting, Wolters Kluwer Warszawa 2014 (access: sde.wz.uw.edu.pl)
Additional literature:
J.Rutkowska (2022), Cost accounting and management accounting , University of Warsaw Publishing House, WZUW Publishing Section, Warsaw
G. Lew, E. Maruszewska, P. Szczypa, Management accounting from theory to practice , CeDeWu, 2023
D.Maciejowska , Costs and their calculation , Scientific Publishing House WZ UW, Warsaw, 5th edition, 2018.
J.Rutkowska, D.Świderska-Rak, Computer-aided management accounting , Scientific Publishing House WZ UW, Warsaw, 2016.
C.Drury (2021), Management and cost accounting, Andover : Cengage Learning EMEA
Additional information
Information on level of this course, year of study and semester when the course unit is delivered, types and amount of class hours - can be found in course structure diagrams of apropriate study programmes. This course is related to the following study programmes:
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: