MODULE DESCRIPTION Module code Module name Module name in English Valid from academic year 2012/2013 MODULE PLACEMENT IN THE SYLLABUS Z-EKO-049 Rachunkowość zarządcza Management Accounting Subject Level of education Studies profile Form and method of conducting classes Specialisation Unit conducting the module Module co-ordinator Economics 1st degree (1st degree / 2nd degree) General (general / practical) Full-time (full-time / part-time) Corporate Finance The Department of Economics and Management Marianna Kotowska-Jelonek, PhD hab., Professor of the University Approved by: MODULE OVERVIEW Type of subject/group of subjects Module status Language of conducting classes Module placement in the syllabus - semester Subject realisation in the academic year Initial requirements Examination Number of ECTS credit points 4 Method of conducting classes Specialist subject (basic / major / specialist subject / conjoint / other HES) Compulsory (compulsory / non-compulsory) Polish 4th semester Summer semester (winter / summer) The Fundamentals of Accounting (module codes / module names) Yes (yes / no) Lecture Classes Laboratory Project Other Per semester 20 - - 15 -
TEACHING RESULTS AND THE METHODS OF ASSESSING TEACHING RESULTS Module target The aim of the module includes familiarising students with theoretical and practical aspects of conducting management accounting which supports decision-making processes in various areas of activity. Theoretical issues of management accounting in particular concern the following: the essence, function, and tasks of management accounting; the interpretation of these categories; enterprise prime costs connected with the decision-making process; traditional and modern calculation methods of unit costs, break-even point and its utilisation in enterprise management. The practical aspect of project classes has been targeted at the following: understanding the essence of unit costs calculation with diverse calculation methods; determining enterprise break-even point and its utilisation in day-to-day management and cost budgeting. Effect symbol Teaching results Teaching methods (l/c//other) Reference to subject effects Reference to effects of a field of study A student has basic knowledge of the essence, function and tasks concerning management accounting as a system facilitating generating economic and financial information which supports decision-making processes. A student knows basic categories and classification cross-sections concerning prime costs of business entities supporting decision-making processes. A student knows basic prime cost calculating systems, traditional and modern calculation methods of unit costs and cost budgeting. A student is able to distinguish primary costs correctly for decision making as well as determine their usefulness in the decision-making process. A student is able to conduct the calculation process of unit cost in product manufacturing, interpret the obtained results and assess the correctness of the calculation procedure. A student is able to identify and solve basic problems concerning the effectiveness of operational activity in an enterprise using the nonobligatorily generated information in the management accounting system and cost accounts (determining the break-even point, margin of safety, and cost budgeting). A student understands the necessity of continuous improvement of his/her knowledge concerning management accounting in order to professionally utilise information generated in the accounting system to support the decision-making process in an enterprise. A student identifies and solves problems concerning economic practice which require solutions by utilising information generated with management accounting methods and tools. l l p p K_W04 K_W15 K_W08 K_W14 K_W14 K_U03 K_U05 K_U05 K_K01 K_K10 S1A_W06 S1A_W11 S1A_W08 S1A_W08 S1A_U07 S1A_U07 S1A_K01 S1A_K04 S1A_K07 Teaching contents: Teaching contents as regards lectures
Lecture number 1. 2. 3. 4. 5. 6. 7. Teaching contents The essence of management accounting and its role in enterprise management Functional structure of accounting financial and management accounting. The essence, aims, and tasks of management accounting. Decision-making problems in an enterprise solved with management accounting. Costs as an element of the decision-making process Costs in the system of selecting decisions. The classification of costs for decision making purposes. Fixed costs and their characteristics. Variable costs and their types. The analysis of cost variability. The methods of distinguishing fixed and variable costs. Relevant and irrelevant costs. Irreversible and future costs. The classification of costs for the sake of control. Average and marginal costs. Utilising fixed and variable costs to determine enterprise break-even point The interpretation of the break-even point. The break-even point in terms of the quantitative approach, as the level of using enterprise production capacity. Utilising the methodology of determining the break-even point to solve diverse decision-making problems. Safety margin. Prime costs account of an enterprise The essence of the prime costs account. The tasks of the prime costs account. Basic systems of the prime costs account. Full costs account. Variable costs account. The usefulness of traditional prime costs accounts in enterprise management. The calculation of unit costs The essence of calculation. The subject, aims, and tasks of calculation. Calculation types. Basic calculation methods. The essence of division calculation and its types. The essence of additional calculation. Indirect costs accounts. Division types of indirect costs and their classification. Accounting department and company costs. The types and stages of additional calculation. Unit cost credibility of forming full costs account in the system. Operational costs account Reference to teaching results for a module 8. 9. 10. General characteristics of the operational costs account. Basic notions of the operational costs account. Main aims and assumptions of the operational costs account. Activity types in an enterprise and their characteristics. Calculation stages in the operational costs account. The advantages and disadvantages of the operational costs account. Cost responsibility account Budgeting as a management tool. Centres (responsibility centres) in the budget forming system. The types of responsibility centres. The procedure of forming budget. Budgetary periods. The types of budgets. The analysis of deviations concerning planned and actual costs. Teaching contents as regards project classes Project class Teaching contents Reference to teaching
number 1 2 3 4 Comparative analysis of classification cross-sections as regards enterprise prime costs and their usefulness in enterprise management. Costs and related categories. The identification of fixed, variable, total, and unit costs. The analysis of cost behaviour depending on production levels and time interval. The methods of determining fixed and variable costs. The analysis of irreversible, future, controllable, uncontrollable, relevant, and irrelevant costs. Profitability, The break-even point. Net profitability. Accounting and economic rate of return. Determining the break-even point with diverse methods. Determining the planned value and selling price to achieve the planned profit. 5. Calculating unit costs with different types of division calculation. 6. Calculating unit costs with different types of additional calculation. 7. Calculating unit costs with operational costs accounting. 8 A final test. results for a module K The methods of assessing teaching results Effect symbol Methods of assessing teaching results (assessment method, including skills reference to a particular project, laboratory assignments, etc.) A written A final test and a written A final test and a written Observing a student s involvement during the classes; a discussion. Observing a student s involvement during the classes; a discussion. A final test and a written STUDENT S INPUT ECTS credit points Type of student s activity Student s workload 1 Participation in lectures 20 2 Participation in classes 3 Participation in laboratories 4 Participation in tutorials (2-3 times per semester) 3 5 Participation in project classes 15 6 Project tutorials 10
7 Participation in an examination 2 8 9 Number of hours requiring a lecturer s assistance 50 (sum) 10 Number of ECTS credit points which are allocated for assisted work 11 Unassisted study of lecture subjects 20 12 Unassisted preparation for classes 15 13 Unassisted preparation for tests 10 14 Unassisted preparation for laboratories 15 Preparing reports 15 Preparing for a final laboratory test 17 Preparing a project or documentation 18 Preparing for an examination 19 Unassisted study of lecture subjects 20 Number of hours of a student s unassisted work 60 (sum) 21 Number of ECTS credit points which a student receives for unassisted work 22 Total number of hours of a student s work 110 23 ECTS credit points per module 1 ECTS credit point=25-30 hours 4 24 Work input connected with practical classes Total number of hours connected with practical classes 15+10+15+10+5=55 25 Number of ECTS credit points which a student receives for practical classes 15 5