154-0572/01 – Performance management (PM)
| Gurantor department | Department of Finance | Credits | 5 |
| Subject guarantor | Ing. Petr Gurný, Ph.D. | Subject version guarantor | Ing. Petr Gurný, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Choice-compulsory type B |
| Year | 2 | Semester | winter |
| | Study language | English |
| Year of introduction | 2023/2024 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
The aim of the course is to develop knowledge and skills in the application of management techniques to quantitative and qualitative information for planning, decisionmaking, and performance evaluation.
On successful completion of this course, students should acquire following skills and competences:
- identify and discuss the management information systems used by organisations to manage and measure performance;
- explain and apply cost and management accounting techniques;
- select and appropriately apply decision-making techniques to facilitate business decisions;
- identify and apply appropriate budgeting techniques, including quantitative techniques;
- assess the performance of private, public and not-for-profit organisations from both a financial and non-financial viewpoint.
Teaching methods
Lectures
Tutorials
Teaching by an expert (lecture or tutorial)
Summary
The aim of this course is to develop knowledge and skills in the application of management techniques to quantitative and qualitative information for planning, decisionmaking, and performance evaluation. Students of this course will learn to work with information systems of companies and utilize them for management and performance measurement. They will be able to select and appropriately apply decision-making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks. They will understand budgeting techniques, including quantitative techniques, and methods for planning and control and use standard costing systems to measure and control business performance and to identify remedial action.
Exercises are focused on deepening the knowledge of lectures using illustrative examples and application of acquired knowledge, especially in the field of performace measurement, cost and management accounting techniques and budgeting techniques.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
written exam
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. Management information systems
2. Big data and data analytics
3. Management accounting techniques I. (Activity-based costing, Target costing)
4. Management accounting techniques II. (Life-cycle costing, Accounting for environmental and
sustainability factors)
5. Decision-making techniques I. (Cost analysis, Cost volume profit analysis, Pricing decisions)
6. Decision-making techniques II. (Risk and uncertainty in decision-making)
7. Budgetary systems and types of budget
8. Analytical techniques in budgeting and forecasting
9. Performance measurement and control
10. Performance analysis in private sector
11. Performance analysis in public sector and not-for-profit organisations
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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