154-0507/02 – Costs, Calculations and Prices (CCP )

Gurantor departmentDepartment of FinanceCredits5
Subject guarantorprof. Dr. Ing. Zdeněk ZmeškalSubject version guarantordoc. Ing. Aleš Kresta, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Study languageEnglish
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
KRE330 doc. Ing. Aleš Kresta, Ph.D.
LIS10 Ing. Karolina Lisztwanová, 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



The course focuses on the cost theory and its aplication in economic mangament system, inlcuding the issues of short-run decision-making techniques based on account statements, cost allocation, methods of building up and application of costs calculations and the relationships to controlling and profit area. The course also focuses on price determination, particular methods and firm strategies, respecting the legal codes of this area.

Compulsory literature:

HANSEN, D. R. and M. M. MOWEN. Cornerstones of cost accounting. Mason: South-Western Cengage Learning, 2011. ISBN 978-0-538-73678-7. KAPLAN, Robert S. a Steven R. ANDERSON. Time-Driven Activity-Based Costing: a simpler and more powerful path to higher profits. Boston: Harvard Business School Press, 2007. ISBN 978-1-4221-0171-1. KEAT, P. G., P. K. Y. YOUNG and S. E. ERFLE. Managerial economics: economic tools for today's decision makers. 7th ed., global ed. Boston: Pearson, 2014. ISBN 978-0-273-79193-5.

Recommended literature:

GARRISON, R. H., E. W. NOREEN and P. C. BREWER. Managerial accounting. 14th ed. New York: McGraw-Hill/Irwin, 2012. ISBN 978-0-07-811100-6. HORNGREN, C. T. Introduction to management accounting. 15th ed. Harlow: Pearson, 2011. ISBN 978-0-273-75583-8. BIERMAN, H. An introduction to accounting and managerial finance: a merger of equals. Singapore: World Scientific, 2010. ISBN 978-981-4273-82-4. DATAR, S. M. and M. V. RAJAN. Horngren’s cost accounting: a managerial emphasis. 16th edition. Harlow: Pearson, 2018. ISBN 978-1-292-21154-1. HORNGREN, C. T., S. M. DATAR and M. V. RAJAN. Cost accounting: a managerial emphasis. 14th ed., global ed. Harlow: Pearson, 2012. ISBN 978-0-273-75387-2.

Way of continuous check of knowledge in the course of semester

credit - exercise to calculate examination - oral and written part


Other requirements

There are no other requirements on student.


Subject has no prerequisities.


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: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 35 (35) 18
                Zápočtová písemka - příklady Written test 35  18
        Examination Examination 65 (65) 33
                Písemná část zkoušky Written examination 20  10
                Ústní část zkoušky Oral examination 45  23
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (B0412A050006) Finance FIP P English Ostrava 2 Compulsory study plan
2019/2020 (B0412A050006) Finance FIP P English Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner