Management Accounting 2400-ZEWW611
Class 1: Introduction. Discussion of the course and presentation of the course syllabus.
Class 2: The role of managerial accounting; costs terms, concepts and classification; rationality and scope of Profit and Loss Statement.
Class 3: Nature of costs, their measurement and benefits in decision-making processes; Variable costs statement.
Class 4: System design: job order costing, process costing, Kaizen costing and target costing
Class 5: Activity Based Costing. Students’ presentation no. 1.
Class 6 Short-term decisions: fixed costs and varable costs, cost-volume-profit relationships, sensitivity analysis.
Class 7: Cost control – summary. Students’ presentation no. 2
Class 8: Mid-term examination.
Class 9: Organisation architecture: agency theory, negotiating contracts. Students’ presentation no. 3.
Class 10: Managers performance appraisal: accounting profit, ROI, residual income, EVA. Students' presentation no. 4.
Class 11. The balanced scorecard.
Class 12. The balanced scorecard, part 2 - advanced issuses. Students’ presentation no. 5
Class 13. Supporting managerial decisions – summary.
Class 14: Review of materials and problems.
Class 15. Written examination.
Type of course
Prerequisites (description)
Course coordinators
Learning outcomes
The student will understand the role of managerial accounting, various cost concepts and their function in supporting managerial decision-making. The students will also gain practical knowledge and ability to prepare different kinds of profit and loss statements using various cost processes as well as calculate indicators (ratios) useful in sucessfully managing an enterprise. Finally, the students will be able to use the balance scorecard to recommend decisions to be made by managers.
The student has knowledge of cost accounting and understands differences between it and traditional cost accounting. Students have knowledge about the indicators used by managers to make short term decisions. The student has theoretical knowledge about the Balanced Scorecard and is able to prepare its implementation in the enterprise.
1. The student has knowledge of the variable cost accounting, activity based costing (ABC), target costing and Kazien costing.
2. The student has knowledge about ratios such as rate of return on investment, residual income and economic value added and knows how to use these indicators to make managerial decisions.
3. The student has knowledge of the Balanced Scorecard and understands how various perspectives in it are linked together.
The student has the ability to prepare individual costing accounts and how to assess the level of costs in the enterprise. The student has the ability to make cost optimization across the enterprise. The student has the ability to suggest measures which should be used by a company to evaluate different aspects of its activities.
1. The student can prepare the following accounts of costs: variable costing, activity based costing (ABC), target costing and Kazien costing and optimize the cost structure based on these accounts.
2. The student is able to interpret the results of ratios (return on investment, residual income, economic value added) and suggest suitable measures to assess the managers of businesses.
3. The student can develop balanced scorecard for the enterprise incorporating a balanced system of measurement.
The student is aware how information flows through the enterprise.
1. The student is aware how the assessment of managers affects their investment decisions.
2. The student is able to work in enterprises in the sectors of managerial accounting.
SU05, SU06, SK01, SK03, SU04, SU03, SU02, SU01, SW03, SW02, SW01, SW04, SW05, SK02, SK04
Assessment criteria
Assessment:
Presentation + report 20 points
Mid-term test 20 points
End-term test 50 points
Participation in discussions 10 pts
Grading system :
points 50 – 59 3,0 (dst)
points 60 – 69 3,5 (dst+)
points 70 - 79 4,0 (db)
points 80 – 89 4,5 (db+)
points 90 – 100 5,0 (bdb)
Presentation and report: Each group prepares a detail analysis of a specific issue. Students should prepare a presentation in English in a manner that other students who do not present that day would be able to take part in a discussion. Analysis should include a mention of appropriate models and literature overview.
Presentation (10 points) should last about 30 min. including a discussion. Each student in a group should present a part of the presentation. Presentation should be e-mailed to the instructor 48h in advance.
Report to the presentation (10 points) (approximately 5 pages, line spacing 1,5, font Times New Roman 12 points, margins approx. 2,5 cm) + attachments; text formatted into divisions and subdivisions with headings; content: literature overview, proposal for solving a problem, summary, bibliography. The report should be handed in the day of the presentation. Late handing in of a report will result in the grade being lowered by 5 points. The instructor will not accept reports via e-mail.
Participation in discussions
Class presence is mandatory! The students are allowed to have two (2) unexcused absences. However, participation grade will be based on quality and quantity of participation, for example, an attempt to solve in-class problems, explain homework assignment, comment on presentations. The presence in class is not enough to receive participation points.
Tests
There will be one mid-term (20 points) and one end-term (50 points) test. Students must attend and earn points on at least one of them. Earned points will be totaled and added to other points to arrive at the total number of points and a final grade. There will not be a possibility to make-up or re-due an exam but during the exam session, students will be able to take additional final exam for a maximum grade of 3,0 (pass).
Bibliography
Required texts:
- Świderska G. (red), Rachunkowość zarządcza i rachunek kosztów, tom 1 i 2, Difin, Warszawa, 2003 - any necessary materials from this text, including in-class and homework problems will be translated by the instructor and distributed to students via e-mail, while also available via the instructor's website.
- Garrison R., Noreen., Managerial Accounting, 9th ed., Irwin McGraw-Hill, 2000
Sunder S., Theory of Accounting and Control, South-Western Publishing (1997) (tłumaczenie: Teoria równowagi i kontroli, PWN 2003
Supporting reading:
- Dobija M., Rachunkowość zarządcza i controlling, PWN, 2002
- Kaplan S., Norton D., Strategiczna Karta Wyników, PWN 2002
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: