154-0307/07 – Costs, Calculations and Prices (NKC)

Gurantor departmentDepartment of FinanceCredits5
Subject guarantordoc. Ing. Aleš Kresta, Ph.D.Subject version guarantordoc. Ing. Aleš Kresta, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year2Semestersummer
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
DLU30 prof. Dr. Ing. Dana Dluhošová
KRE330 doc. Ing. Aleš Kresta, Ph.D.
LIS10 Ing. Karolina Lisztwanová, Ph.D.
RAT30 Ing. Iveta Ratmanová, 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

This course is devoted to: orientation and understanding costs theory and their management with respect to economy and effectiveness of entrepreneurial activity, gain ability to identify and quantify variable and fixed costs with the assistance of costs modelling methodology, gain ability of short - term decision - making technique in homogenous and heterogeneous production, gain ability of costing with application appropriate calculation techniques and methodologies, gain knowledge about pricing low and basing approach of price - making.

Teaching methods

Lectures
Tutorials

Summary

The course is focused on cost theory and its application in economic management with an emphasis on the issues of short-term decision-making techniques, cost allocation and costing, cost and revenue budgeting. The course is also focused on the issues of pricing and individual pricing methods while respecting the legislation in the price area in the Czech Republic.

Compulsory literature:

DATAR, Srikant M. and RAJAN, Madhav V. Horngren’s cost accounting: a managerial emphasis. Sixteenth edition. Harlow: Pearson, 2018. ISBN 978-1-292-21154-1. FIBÍROVÁ, Jana; ŠOLJAKOVÁ, Libuše; WAGNER, Jaroslav and PETERA, Petr. Manažerské účetnictví: nástroje a metody. 3. vydání. Praha: Wolters Kluwer, 2019. ISBN 978-80-7598-486-9. KRÁL, Bohumil. Manažerské účetnictví. 4. rozšířené a aktualizované vydání. Praha: Management Press, 2018. ISBN 978-80-7261-568-1.

Recommended literature:

DUŠEK, Jiří. Vnitropodnikové účetnictví: praktický návod s podklady na jeho zavedení. Praha: Grada, 2019. ISBN 978-80-271-2816-7. NEKVAPIL, Tomáš. Neptejte se účetních, jak řídit náklady. Vydání druhé. Účetnictví. Praha: Wolters Kluwer, 2021. ISBN 978-80-7676-078-3. STEJSKALOVÁ, Irena. Finační účetnictví pro manažery s netradičně pojatými případovými studiemi. Vydání 3., aktualizované. Praha: Wolters Kluwer, 2021. ISBN 978-80-7552-773-8.

Way of continuous check of knowledge in the course of semester

credit - exercise to calculate examination - oral and written part

E-learning

Other requirements

There are no other requirements on student.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Development, conception and procedural concept of costs, relation of costs and expenses, concepts of revenues and income, principle of economy and efficiency, accounting and economic conception of costs. Performance, classification of production and performance for the needs of economic management tasks. Profit. 2. Structure and classification of costs according to type and classification purposes, the importance of their use in control and cost management. The economic structure of the company. Classification of centers of economic structure of the company for the purpose of accounting and cost management according to the principles of responsibility. 3. Classification of costs according to decision-making processes and their use in management accounting. 4. Classification of costs according to the relation to change in the output volume, absolutely fixed and relatively fixed costs, used and unused fixed costs, relative savings in fixed costs, variable costs, coefficient of reaction. Mixed costs, sticky cost. 5. Differential and incremental costs. Classification of revenues. 6. Cost models and their classification. Methods of estimation of fixed and variable costs. Linear cost function and its use in economic management. 7. Short-term decision-making techniques based on accounting information – theory of break-even point in homogeneous and heterogeneous (assortment) production. Method of variable costing (direct costing). 8. The role and use of calculations in the economy. The basic concepts used in the theory of calculations. Place of calculation system in the system of economic management of a company, relations of the calculations to other information systems. 9. The form and the structure of calculations, calculation formula with regard to the purpose of calculations’ usage, general calculation formula, responsibility of calculations’ compilation. 10. Types of calculations – classification and characteristics of calculations’ types in relation to time of compilation and their function in economic management. Principle of Target Costing. 11. Calculation techniques – simple division, division with ratio numbers, surcharge costing, activity based costing. 12. Calculation techniques – individual calculations, calculations of combined performance, calculations of phase and stepped production. 13. Price functions in the economy. Theoretical aspects of pricing, legislative regulation of prices in the Czech economy. 14. Cost-oriented pricing methods and their use – cost-price relationship, parametric pricing, modularity and others. Market-oriented pricing methods.

Conditions for subject completion

Full-time form (validity from: 2021/2022 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 35 (35) 18 2
                Zápočtová písemka - příklady Written test 35  18 2
        Examination Examination 65 (65) 33 3
                Písemná část zkoušky Written examination 45  23 3
                Ústní část zkoušky Oral examination 20  10 3
Mandatory attendence participation: without obligatory attendance

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Conditions for subject completion and attendance at the exercises within ISP: As normal students, i.e. the credit test, written and oral parts of the exam. Without obligatory attendance.

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Occurrence in study plans

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2024/2025 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2024/2025 (B0311EKF016) Economics P Czech Ostrava 2 Choice-compulsory type B study plan
2023/2024 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2023/2024 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Compulsory study plan
2023/2024 (B0412A050005) Finance FIP P Czech Ostrava 2 Compulsory study plan
2023/2024 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Ostrava 2 Compulsory study plan
2023/2024 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Valašské Meziříčí 2 Compulsory study plan
2023/2024 (B0414A050001) Marketing (S02) Marketing and business P Czech Šumperk 2 Compulsory study plan
2023/2024 (B0414A050001) Marketing (S02) Marketing and business P Czech Ostrava 2 Compulsory study plan
2023/2024 (B0414A050001) Marketing (S01) Marketing Communication MKO P Czech Ostrava 2 Compulsory study plan
2023/2024 (B0311EKF016) Economics P Czech Ostrava 2 Choice-compulsory type B study plan
2022/2023 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2022/2023 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Compulsory study plan
2022/2023 (B0412A050005) Finance FIP P Czech Ostrava 2 Compulsory study plan
2022/2023 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Ostrava 2 Compulsory study plan
2022/2023 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Valašské Meziříčí 2 Compulsory study plan
2022/2023 (B0414A050001) Marketing (S02) Marketing and business P Czech Ostrava 2 Compulsory study plan
2022/2023 (B0414A050001) Marketing (S01) Marketing Communication MKO P Czech Ostrava 2 Compulsory study plan
2022/2023 (B0414A050001) Marketing (S02) Marketing and business P Czech Šumperk 2 Compulsory study plan
2021/2022 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Compulsory study plan
2021/2022 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2021/2022 (B0412A050005) Finance FIP P Czech Ostrava 2 Compulsory study plan
2021/2022 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Valašské Meziříčí 2 Compulsory study plan
2021/2022 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Ostrava 2 Compulsory study plan
2021/2022 (B0414A050001) Marketing (S02) Marketing and business P Czech Ostrava 2 Compulsory study plan
2021/2022 (B0414A050001) Marketing (S01) Marketing Communication MKO P Czech Ostrava 2 Compulsory study plan
2020/2021 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2020/2021 (B0412A050005) Finance FIP P Czech Ostrava 2 Compulsory study plan
2020/2021 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Ostrava 2 Compulsory study plan
2020/2021 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Valašské Meziříčí 2 Compulsory study plan
2020/2021 (B0414A050001) Marketing (S01) Marketing Communication MKO P Czech Ostrava 2 Compulsory study plan
2020/2021 (B0414A050001) Marketing (S02) Marketing and business P Czech Ostrava 2 Compulsory study plan
2020/2021 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Compulsory study plan
2019/2020 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Ostrava 2 Compulsory study plan
2019/2020 (B0413A050012) Economics and Management (S02) Business Administration PPE P Czech Valašské Meziříčí 2 Compulsory study plan
2019/2020 (B0414A050001) Marketing (S02) Marketing and business P Czech Ostrava 2 Compulsory study plan
2019/2020 (B0414A050001) Marketing (S01) Marketing Communication MKO P Czech Ostrava 2 Compulsory study plan
2019/2020 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2019/2020 (B0412A050005) Finance FIP P Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2022/2023 Summer
2021/2022 Summer
2020/2021 Summer