Management Accounting

Total Hours in Course120

Number of hours for lectures24

Number of hours for seminars and practical classes12

Independent study hours84

Date of course confirmation21.06.2018

Responsible UnitInstitute of Economics and Finance

Course developer

doc.

Laila Kelmere

Mg. oec.

Prior knowledge

Ekon5082, Financial Accounting I

Ekon5090, Microeconomics Analysis

Replaced course

EkonM009 [GEKOM009] Management Accounting

Course abstract

The aim of this course is to provide students with knowledge about the cost analysis and classification methods, cost planning and control methods, product or service cost price calculation methods and the theoretical knowledge of risks assessment associated with the costs, to make quality decisions for effective cost management and busines

Learning outcomes and their assessment

1. Understand the practical feasibility of management accounting theories and management accounting methods in the provision and management of the company's economic activities, in the assessment of operational processes. Discussion in the lesson.
2. Understanding of costs, their classification; the calculation of the full cost, including the add-on rates, the variable cost calculation Quiz with calculations.
3. Understanding the cost calculation using the add-on rate; process cost calculation, break-even point, profit or loss threshold; optimal determination of product production and sales volume, determination of factors that influence profit. Quiz with calculations.
4. Knowledge of the operational direction and resource planning of the enterprise, planning, development and evaluation of the results of the implementation of the budget, cost control and regulation. Understanding of the limitations of general cost-sharing systems and the method of distributing general costs, based on an analysis of the causes of cost-generating causes. Independent work, discussion in the lesson.
5. Be able to perform calculations, analyse the results obtained, understand the causes and develop proposals for troubleshooting or improving the situation. Quiz with calculations, an exam, calculations in the lesson.
6. Is able to continuously obtain the necessary information to draw up a paper on the selected subject, which includes examples and solutions of practical tasks, including proposals. Can present and explain your subject to the audience. Independent work, discussion in the lesson.
7. Be able to continuously assess the performance of another person and prepare a written review (drafted paper, proposed practical tasks and their solutions, as well as the relevance of proposals made to a selected topic. Independent work.
8. The ability to plan tasks responsibly. Independent work.
9. Is able to select the information and present the calculations made, proposals made. Independent work.

10. Be able to use the acquired knowledge to assess and ensure the production, supply of services, accounting of marketing processes and efficient operation in the undertaking. To make proposals for decision-making in line with economic changes. Practical works, group work, quiz, exam.

Course Content(Calendar)

1. Cost accounting tasks and targets (lecture – 1 hour)
2. Cost classification for cost calculation (lecture – 1 hour, practical work – 1 hour)
3. Cost accounting per cost location (lecture – 1 hour)
4. Cost carrier unit cost estimates (full cost) (lecture – 1 hour, practical work – 1 hour)
5. Splitting costs into permanent and variable ones (lecture – 1 hour)
6. Calculation of the cost of the process (lecture – 1 hour, practical work – 1 hour)
7. Calculation of the cost of the related products (lecture – 1 hour)
8. Cost analysis methods (lecture – 1 hour)
9. Methods of cost analysis and their management by financial responsibility centres (lecture – 1 hour)
10. The main methods of cost analysis (lecture – 1 hour, practical work – 1 hour)
11. The break-even point and its methods of analysis (for decision-making) (lecture – 1 hour, practical work – 1 hour)
12. Identification of the optimal production and sales volume and structure of products under limited resource conditions (lecture – 1 hour, practical work – 1 hour)
13. Budget (lecture – 1 hour)
14. Budget planning process (lecture – 1 hour, practical work – 1 hour)
15. Budgetary control and analysis of deviations (lecture – 2 hours, practical work – 1 hour)
16. Cash flow control and analysis (lecture – 2 hours, practical work – 1 hour)
17. Determination of factors affecting profits (lecture – 1 hour, practical work – 1 hour)
18. Decisions and the environment for their adoption (lecture – 1 hour)
19. The decision-making process (lecture – 1 hour)
20. Decisions on specific short-term problems (lecture – 1 hour)
21. Decisions imposed by restrictive factors (lecture – 1 hour, practical work – 1 hour)
22. Taking decisions in conditions of risk and uncertainty (lecture – 1 hour)

23. Defending student papers, reviews and discussion (practical work – 1 hour)

Requirements for awarding credit points

At the end of the study course, an examination on the topics learned during study should be completed.
During study, 2 quizzes should be completed, and 1 independent work should be developed, present.

Description of the organization and tasks of students’ independent work

Learn and strengthen theory issues by studying literature and resolve tasks, preparing for quizzes and exams. Develop independent work and present it.

Criteria for Evaluating Learning Outcomes

1. Costs, their classification; calculation of the full cost, including by add-on rates; calculation of the cost of variable costs. Quiz (written). Valuation rate of 15%.
2. Calculation of the cost of the product using add-on rates; calculation of process costs; break-even point, profit or loss threshold; determination of the optimal production and sales of the product; determination of factors affecting profit. Quiz (written). Valuation rate of 15%.
3. A paper on the selected topic should be drawn up, containing examples and solutions for practical tasks, and should be defended in the form of a presentation. A review of a colleague's report should be prepared. Independent work. 20% valuation rate.
4. The examination, written, consists of a test, open questions and tasks regarding the issues discussed in the course and the tasks addressed. 50% valuation rate.

10% corresponds to one party on the scoreboard of 10-party studios.

Compulsory reading

1. Pelšs A. Vadības grāmatvedība. KIF Biznesa komplekss. Rīga, 2001:
1. daļa – Izmaksu uzskaite un pašizmaksas kalkulācija.
2. daļa – Izmaksu analīze lēmumu pieņemšanai
2. Alsiņa R., Marinska K., Bojarenko J. Vadības grāmatvedība: teorija un prakse. Rīga; SIA KIF „Biznesa komplekss”, 2011. 239 lpp.
3. Finanšu grāmatvedība. I.Leibus, I.Pētersone, A.Jesemčika, A.Svarinska, R.Grigorjeva.SIA “Lietišķās informācijas dienests”. Rīga, 2017. 320 lpp.
4. Benze J. Izmaksu uzskaite un pašizmaksas kalkulācija. Rīga: Auditorfirma “Grāmatvedis”, 1996. 134 lpp.
5. Latvijas Grāmatvedības metodiskā padome, Ernst & Young. Vadības grāmatvedība. Latvijas Republikas Finansu ministrija. Rīga, 1995:
1. daļa – Izmaksu uzskaite un pašizmaksas kalkulācija.
2. daļa – Lēmumu pieņemšana.
3. daļa – Lēmumu pieņemšana, plānošana un kontrole.
6. Pelšs A. Izmaksu analīze lēmumu pieņemšanai. Rēzekne: Rēzeknes Augstskola, 1999. 126 lpp.
7. Vītola Ī., Soopa A. Vadības grāmatvedība. Jelgava, 2002. 225 lpp.
8. Purvgalis A. Komercdarbības izmaksas, ieņēmumi un peļņa. Mācību līdzeklis. LLU Meža fakultāte. Jelgava, 2005. 52 lpp.
9. Бухгалтерский учет в зарубежных странах. Под редакцией проф. Ф.Ф. Бутынца. Bторая часть. Житомир: ЖГПУ, 2008. 300 c.
Особенности бухгалтерского учета, аудита и анализа в Латвийской Республике. Cоавторы учебного пособия: Витола И., Калныня Г., Есемчика А., Зариня В., Кейш С., Лейбус И., Соопа А., и др.
10. Бюджетирование: шаг за шагом. Е.Добровольский, Б.Карабанов, П.Боровков, Е.Глухов, Е.Бреслав. 2е изд. дополн. СПб: Питер, 2014. 480 c.
11. Друри K. Введение в управленческий и производственный учет. Москва: Аудит; Издательское объединение ЮНИТИ, 1998. 774 c.

Periodicals and other sources

11. Bilance: žurnāls par grāmatvedību, likumdošanu un finansēm. Rīga: SIA Lietišķās informācijas dienests, 2000. ISSN 1407-5709
2. Žurnāls: Grāmatvedība un Ekonomika. ISSN 1691-1172.
3. iFinanses – žurnāls par nodokļiem, grāmatvedību, darba un komerctiesībām. Rīga: iŽurnāli. ISSN 2255-985x Pieejams: http://ifinanses.lv
4. Elektroniskais žurnāls: http://plz.lv

Notes

Restricted elective study course for full-time studies in the “Economic” section of the “Financial management and accounting” academic master of the Faculty of Economic and Social Development.

Atsauksmes