115-0343/02 – Cost Management and Price Strategy (NŘCS)

Gurantor departmentDepartment of ManagementCredits5
Subject guarantorIng. Lucja Matusiková, Ph.D.Subject version guarantorIng. Lucja Matusiková, Ph.D.
Study levelundergraduate or graduate
Study languageCzech
Year of introduction2005/2006Year of cancellation2015/2016
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
BAR404 Ing. Terezie Krestová
MAT073 Ing. Lucja Matusiková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2

Subject aims expressed by acquired skills and competences

1.To familiarize students with the basic terminology the theory of cost, with the cost classification according to different criteria, and on the follow-up methods of cost analysis. 2.Tu understand and use various methods and techniques of cost analysis for optimal decision-making on the cost-effective inputs. 3.To identify the critical control parameters and effects on cost and characterize their effect on the process of cost management. 4.To compare and evaluate pricing strategies in response to the specific conditions of the company and predict their positive and negative impacts.

Teaching methods

Lectures
Tutorials

Summary

The aim of the subject is to provide to the students the basic information about costs in the company, their classification, process and creation of cost's functions and possibilities of using in practical conditions. In addition, students will be familiar with the role of costing in the company, will be explained the various techniques and methods used by both traditional and new costing approaches. This is followed by a basic overview of the pricing, analysis of optimum output due to business conditions and creating pricing strategies, including their practical applications, both for production and for a specific service area.

Compulsory literature:

HANSEN, Don R., Maryanne M. MOWEN a Liming GUAN. Cost management: accounting & control. 6th ed. Mason, OH: South-Western Cengage Learning, 2009. ISBN 978-0324-559-675.

Recommended literature:

BRIGHAM, Eugene F. a Michael C. EHRHARDT. Financial Management: Theory and Practise. Fort Worth: Harcourt College Publisher, 2002. ISBN 0-03-033561-2.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

Basic knowledge of management.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

-Characteristics of management and business processes -The concept and structure of costs in the business entity -Production function -Cost functions -Methods for determining cost functions -Cost calculations -Competitive cost strategies of the business entity -Practical techniques and methods of cost management in the business entity -Basic principles of the theory of demand and pricing -The practical orientation of pricing in the business entity -Strategy of pricing in the company -Practical aspects of pricing decisions in the business entity

Conditions for subject completion

Conditions for completion are defined only for particular subject version and form of study

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2014/2015 (B6208) Economics and Management (6208R037) Management P Czech Ostrava 3 Compulsory study plan
2013/2014 (B6208) Economics and Management (6208R037) Management P Czech Ostrava 3 Compulsory study plan
2013/2014 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2012/2013 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2011/2012 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2010/2011 (B6208) Economics and Management (6208R011) Economics and Law in Business P Czech Ostrava 3 Choice-compulsory study plan
2010/2011 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2009/2010 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2009/2010 (B6208) Economics and Management (6208R011) Economics and Law in Business P Czech Ostrava 3 Choice-compulsory study plan
2008/2009 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2007/2008 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2006/2007 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2005/2006 (B6208) Economics and Management (6208R037) Management (00) Management P Czech Ostrava 3 Compulsory study plan
2005/2006 (B6208) Economics and Management (6208R037) Management (05) Management P Czech Ostrava 3 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Subject block without study plan - EKF - P - cs 2015/2016 Full-time Czech Optional EKF - Faculty of Economics stu. block