Managerial and Financial Accounting 2400-ZU1RZF
• Nature of costs: the concept of cost, cost classification according to various criteria, cost accounting for financial reporting and management accounting, the income statement in the arrangement of full costs and variable costs. Costs in decision-making.
- Objectives and methods of calculating the unit cost of product manufacturing.
- Process approach in managing organizational efficiency and in cost accounting. Activity-Based Costing (ABC).
- Cost-Volume-Profit analysis in short-term decision-making, break-even point, margin of safety, operating leverage.
- Balanced Scorecard as a method of strategic accounting, organizational performance measurement.
Type of course
Course coordinators
Learning outcomes
A) Knowledge: The student has knowledge related to the issues of financial accounting in the area of cost accounting and management accounting. They understand cost accounting models for managerial decision-making purposes and know how costs affect the efficiency of managing economic entities. The student comprehends the decision-making process and its implications for management accounting.
B) Skills: The student can classify costs, independently select the appropriate costing method, justify the choice of method, and calculate costs accordingly. They are able to analyze a company based on cost accounting and make basic managerial decisions based on the results. The student analyzes practical case studies related to cost classification, identifies problems, and proposes solutions. They can develop a general Balanced Scorecard project for an organization.
C) Social Competencies: The student can collaborate and work in a group while jointly solving costing and problem tasks, as well as analyzing case studies. They are capable of supplementing and improving their acquired knowledge and skills.
Assessment criteria
Written assessment at the end of the semester (60%), active participation during classes (20%), and homework assignments (20%)
Bibliography
Required Reading:
- Świderska G. (ed.). "Rachunkowość zarządcza i rachunek kosztów," Volumes 1 and 2. Difin, Warsaw, 2003.
Supplementary Reading:
- Sobańska I. (ed.). "Rachunkowość zarządcza. Podejście operacyjne i strategiczne." C.H. Beck Publishing, Warsaw, 2010.
- Kaplan R., Norton D., "Strategiczna Karta Wyników." PWN, 2002.
Additional information
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