Management Accounting 2600-DSFRw2RZ
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 situations. Margin of safety. Operational, financial and combined leverage.
5. Costs in management decisions. Relevant cost analysis. Opportunity cost. Apply relevant costing principles in situations involving one off contract.
6. Acceptance of an additional order, lower price limit.
7. Identification of 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. Accounting system - managerial vs. financial accounting.
2. Classification of costs for recording and calculation purposes. Cost, expense, loss, outlay. Cost calculation system. Type of costs.
3,4,5. Full cost accounting model.
Calculation variant of the profit and loss account.
A comparative variant of the profit and loss account.
Financial result in full cost accounting.
The cost of producing the product. The division calculation is simple.
6. Cost of producing the product. Workshops
7. Test No. 1.
8. Classification of baskets according to the degree of response to the production volume. Methods of dividing costs into fixed and variable.
9.10 Variable cost accounting.
Financial result in variable cost accounting.
Comparison of results in variable and full cost accounts.
Break-even point.
Margin of safety.
Operating leverage.
11,12,13. Costs in management decisions
Significant costs.
Sunk costs.
Opportunity costs.
Short-term decisions.
Pricing decisions.
14 Test 2
15 Passing the course (possible corrections)
Type of course
Mode
Course coordinators
Learning outcomes
Student after completing the course:
In terms of knowledge:
K_W01 Knows and understands at an advanced level the terminology relating to management accounting in business organizations in the discipline of economics and finance
K_W02 Knows and understands in-depth the principles, procedures and practices relating to the activities of various types of organizations and uses the theory of management accounting to recognize, diagnose and solve problems related to financial management in organizations, accounting, management
K_W03 Knows and understands to an advanced degree economic theories and models regarding the functioning of organizations and the entire economy.
K_W05 Knows and understands to an advanced degree the principles of creating and developing various forms of entrepreneurship.
In terms of skills:
K_U01 Is able to use the theory of the discipline of economics and finance to recognize, diagnose and solve problems related to management decisions, using the appropriate selection of sources and adapting existing methods.
K_U02 Is able to correctly interpret technological, social, political, legal, economic and ecological processes and phenomena and their impact on management decisions in organizations, the functioning of the organization and the entire economy, using the appropriate selection of sources.
K_U03 Is able to independently and collectively prepare analyses, diagnoses and reports regarding management accounting in organizations and present them communicatively, also in English - using IT and communication tools.
K_U05 Is able to plan and organize own and teamwork.
K_U06 Has the ability to self-educate and improve acquired qualifications.
In terms of social competencies:
K_K01 Is ready to assess and critically approach situations and phenomena related to management accounting in organizations,
K_K03 Is ready to comply with professional ethical standards.
Assessment criteria
Lecture: written exam (closed and open questions, tasks) – 70%, ongoing participation in classes (quizzes, discussion) – 30%.
Satisfactory rating from 51%.
Exercises: two partial passes (test 1 - 30 points, test 2 - 50 points). During classes, students present papers prepared in groups (20 points). The final grade depends on the sum of points collected and is given according to the scale:
51% of points - dst
60% points - dst +
75% points - db
85% of points - db +
95% of points - very good
Students whose result is lower than 51% will take an additional test covering all the material. It is possible to improve positive grades during a make-up test, provided that the grade for this pass is valid regardless of whether it is higher or lower than the one previously obtained.
During classes, you can earn additional points for your work in classes, homework, and quizzes.
The tests are conducted on-site or remotely, depending on the epidemiological situation.
Bibliography
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:
J.Rutkowska (2022), Rachunek kosztów i rachunkowość zarządcza, Wydawnictwa Uniwersytetu Warszawskiego, Sekcja Wydawnicza WZUW, Warszawa
G. Lew, E. Maruszewska, P. Szczypa, Rachunkowość zarządcza od teorii do praktyki, CeDeWu, 2023
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.
C.Drury (2021), Management and cost accounting, Andover: Cengage Learning EMEA
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: