Performance Management

  • Credits: 5
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 1
  • Faculty of Economic Informatics

Teachers

Included in study programs

Accounting and Auditing

Teaching results

The aim of the teaching is to expand knowledge and skills in the application of managerial accounting techniques with quantitative and qualitative information for planning, decision-making, performance evaluation and control.
By completing the course, students will gain:
(a) knowledge of existing methods available in the context of capacity decision-making as well as in decision-making on future capacities. Understand decision-making in the context of uncertainty and the risks associated with it.
(b) skills in applying techniques and methods to decision-making, planning, control and evaluation of results.
(c) competence in the interpretation of net data obtained by calculations, the ability to discuss the result and analyze it in the context of performance.

Indicative content

The role of information systems in organisations. Internal and external sources of management accounting information. Specialist cost and management accounting techniques. Activity-based costing. Target costing. Life cycle costing. Environmental Accounting. Decision-making techniques. Relevant cost analysis. Cost volume profit analysis (CVP). Limiting faktors. Optimal production plan and limiting factors. Pricing decisions. The factors that influence the pricing of a product or service. Price strategies. Make-or-buy and other short-term decisions. Dealing with risk and uncertainty in decision-making. Budgetary systems and types of budget. Usefulness and problems with different budget types. Quantitative techniques (analysis techniques - correlation, regression, learning rate and learning effect…) Standard costing. The methods used to derive standard costs. Material mix and yield variances. Planing and oparational variances. Performance measurement and control. Performance analysis in private sector organisations. Financial and non-financial performance indicators.

Support literature

1. TUMPACH, Miloš. Manažérske a nákladové účtovníctvo. Bratislava: Iura Edition, 2008, 253 s. Ekonómia. ISBN 978-80-8078-168-2
2. ANTALOVÁ, Renáta. Manažérske účtovníctvo: neriešené príklady. Bratislava: Letra Edu, 2020, 114 s. ISBN 978-80-89962-66-2.
3. KRÁL, Bohumil et al. Manažerské účetnictví. Lektorovali: Jana Fibírová, Miloš Tumpach. 4. rozšířené a aktualizované vydání. Praha : Management Press/Albatros Media, 2018. 791 s. ISBN 978-80-7261-568-1.
4. WAGNER, Jaroslav. Měření výkonnosti: jak měřit, vyhodnocovat a využívat informace o podnikové výkonnosti. Praha: GRADA Publishing, 2009, 248 s. Prosperita firmy. ISBN 978-80-247-2924-4.
5. CIMA Managing Performance (Subject E2): Study Text. Wokingham: Kaplan Publishing, 2019, 426 s. ISBN 978-1-78740-194-5.
6. ACCA Performance Management BPP Learning Media, 2018, ISBN-13: 978150971667

Syllabus

1.The role of information systems in organisations. Internal and external sources of management accounting information. 2.Specialist cost and management accounting techniques. Activity-based costing. 3.Target costing. Life cycle costing. 4.Environmental Accounting. 5. Decision-making techniques. Relevant cost analysis. Cost volume profit analysis (CVP) 6. Limiting faktors. Optimal production plan and limiting factors. 7. Pricing decisions. Factors that influence the pricing of a product or service. Price strategies. 8. Make-or-buy and other short-term decisions. Dealing with risk and uncertainty in decision-making. 9. Budgetary systems and types of budget. Usefulness and problems with different budget types. 10. Quantitative techniques (analysis techniques - correlation, regression, learning rate and learning effect…) 11. Standard costing. Methods used to derive standard costs. Material mix and yield variances. 12. Planing and oparational variances. 13.Performance measurement and control. Performance analysis in private sector organisations. Financial and non-financial performance indicators.

Requirements to complete the course

26 hours of lectures
26 hours of seminars
26 hours of preparation for the seminars
24 hours of preparation for the interim concept check test (40 % of the overall grading)
28 hours of preparation for the exam (60 % of the overall grading)
Total study load (in hours): 130

Student workload

26 hours of lectures
26 hours of seminars
26 hours of preparation for the seminars
24 hours of preparation for the interim concept check test (40 % of the overall grading)
28 hours of preparation for the exam (60 % of the overall grading)
Total study load (in hours): 130

Language whose command is required to complete the course

slovak

Date of approval: 11.03.2024

Date of the latest change: 20.05.2022