| Statuss(Aktīvs) | Izdruka | Arhīvs(0) | Studiju plāns Vecais plāns | Kursu katalogs | Vēsture |
| Course title | Management Accounting |
| Course code | EkonM009 |
| Credit points (ECTS) | 5 |
| Total Hours in Course | 135 |
| Number of hours for lectures | 24 |
| Number of hours for seminars and practical classes | 16 |
| Number of hours for laboratory classes | 0 |
| Independent study hours | 95 |
| Date of course confirmation | 25/01/2024 |
| Responsible Unit | Institute of Economics and Finance |
| Course developers | |
| Mg. oec., viesdoc. Laila Kelmere |
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| Prior knowledge | |
| Ekon5159, Finance and Accounting EkonM003, Microeconomics Analysis |
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| Replaced course | |
| Ekon6049 [GEKO6049] Management Accounting |
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| 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 business administration. | |
| Learning outcomes and their assessment | |
| Knowledge.
Understands the theory of management accounting and the practical applicability of management accounting methods in ensuring and managing the economic activity of an enterprise, evaluating operational processes (discussion in the lesson). Understanding of costs, their classification; calculation of the full cost price, also using the addition rates, variable cost calculation (practical work, 1st control work, report, exam). Understanding the calculation of the cost price using the add-on rate; an estimate of the cost price of the proceedings, a break-even point, a profit or loss threshold; optimal determination of the volume of production and sales of the product, determination of factors affecting profit (practical work, 2nd control work, report, exam). Knowledge of the direction of activity and resource planning of the enterprise, planning, development of various budgets and evaluation of the results of budget execution, control, and regulation of costs. Understanding the limitations of general cost allocation systems and the general method of cost allocation, based on the analysis of cost-generating causes (independent work, discussion in the lesson). Skills. Able to make calculations, analyze the results obtained, understand the causes, and develop proposals for eliminating problems or improving the situation (practical work, 1st and 2nd control work, report, exam). Can constantly obtain the necessary information to develop a report on the chosen topic, which includes examples and solutions of practical tasks, including proposals. Knows how to present and explain your topic to listeners (independent work, discussion in the lesson). Can constantly evaluate another person's performance and prepare a written review about it (the developed report, the proposed practical tasks and their solutions, as well as the compliance of the expressed proposals with the chosen topic (independent work, review). The ability to responsibly plan the assigned tasks. Able to select information and present the calculations made, the proposals made (independent work, presentation). Competence. Knows how to apply the acquired knowledge to evaluate and ensure the accounting of production, service provision, sales processes and effective operation in the company. Make proposals for making decisions in accordance with economic changes (practical work, tests with calculations, exam, report, review, discussion in classes). |
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| 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 by cost location (lecture – 1 hour) 4.Cost carrier unit cost estimates (full cost) (lecture – 1 hour, practical work – 1 hour) 5.Distribution of costs into permanent and variable (lecture – 1 hour) 6.Calculation of the cost of the process (lecture – 1 hour, practical work – 1 hour) 7.1st Control work (1 hour) 8.Calculation of the cost of the related products (lecture – 1 hour) 9.Cost analysis methods (lecture – 1 hour) 10.Methods of cost analysis and their management by financial responsibility centres (lecture – 1 hour) 11.The main methods of cost analysis (lecture – 1 hour, practical work – 1 hour) 12.The break-even point and its methods of analysis (for decision-making) (lecture – 1 hour, practical work – 1 hour) 13.Determination of the optimal volume and structure of production and sales of products in conditions of limited resources (lecture – 1 hour, practical work – 1 hour) 14.Budget (lecture – 1 hour) 15.Budget planning process (lecture – 1 hour, practical work – 1 hour) 16.Budgetary control and analysis of deviations (lecture – 2 hours, practical work – 1 hour) 17.Cash flow control and analysis (lecture – 1 hour, practical work – 1 hour) 18.Determination of factors affecting profit (lecture – 1 hour, practical work – 1 hour) 19.2nd control work (1 hour) 20.Decisions and their making environment (lecture – 1 hour) 21.Decision-making process (lecture – 1 hour) 22.Decisions on specific short-term problems (lecture – 1 hour) 23.Decisions imposed by restrictive factors (lecture – 1 hour, practical work – 1 hour) 24.Decision-making in conditions of risk and uncertainty (lecture – 1 hour) 25.Defending student papers (reports), presentations, reviews, and discussion (practical work – 5 hours) |
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| Requirements for awarding credit points | |
| Examination with a mark – average score in balls, which consists of successfully passed 2 tests, developed and defended report, exam:
1) 1st control work: costs, their classification; calculation of the full cost price, also using the addition rates; calculation of the cost price of variable costs; 2) 2nd control work: calculation of the cost price of the product using the addition rates; calculation of the cost price of the process; cover point, break-even point; determination of the optimal volume of production and sales of the product; determination of factors affecting profit; 3) a report on the chosen topic, containing examples and solutions of practical tasks, and it must be defended in the form of a presentation; 4) exam: consist of a test, open questions and tasks regarding the issues discussed in the course and tasks solved; and successfully passed practical work. |
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| Description of the organization and tasks of students’ independent work | |
| Independently solve tasks on the topics considered in lectures and practical works. Individual homework assignments are evaluated and their rating is included when calculating the final grade of the course. | |
| Criteria for Evaluating Learning Outcomes | |
| Accumulative assessment of study results (100%).
1. control work 15% 2. control work 15% 3. report and presentation 20% 4. exam 50% The exam mark is calculated as the arithmetic mean of the results of 2 control works, the assessment of the report and presentation, the result of the exam and including the evaluations of practical work, if it is determined under the conditions of practical work that it is included in the calculation of the average assessment. |
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| 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.Gada pārskatu un konsolidēto gada pārskatu likuma piemērošanas noteikumi. Ministru kabineta 22.12.2015. noteikumi Nr. 775. Stājas spēkā: 01.01.2016. Pieejams: https://likumi.lv/ta/id/278844-gada-parskatu-un-konsolideto-gada-parskatu-likuma-piemerosanas-noteikumi 3.Vītola Ī., Soopa A. Vadības grāmatvedība. Jelgava, 2002. 4.Benze J. Izmaksu uzskaite un pašizmaksas kalkulācija. Auditorfirma “Grāmatvedis”, Rīga 1996 5.Alsiņa R., Marinska K., Bojarenko J. Vadības grāmatvedība: teorija un prakse. SIA KIF „Biznesa komplekss”, Rīga 2011 |
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| Further reading | |
| 1.Salvatore D. Managerial economics: principles and worldwide applications. New York Oxford University Press, 2015
2.Jiambalvo J. Managerial Accounting: International Student Version. Hoboken: John Wiley & Sons. Inc., 2010. 572 p. 3.Saksonova S. Uzņēmuma darbības analīzes un apgrozāmā kapitāla vadīšanas aspekti: praktiski paņēmieni. Info Tilts, Rīga, 2020 4.Gada pārskatu un konsolidēto gada pārskatu likums. Pieņemts: 22.10.2015. Stājas spēkā: 01.01.2016. Pieejams: https://likumi.lv/ta/id/277779-gada-parskatu-un-konsolideto-gada-parskatu-likums 5.Ludboržs A. Finanšu grāmatvedība tirdzniecībā. Lietišķas informācijas dienests, Rīga 2003 6.Latvijas Grāmatvedības metodiskā padome, Ernst & Young. Vadības grāmatvedība. Latvijas Republikas Finansu ministrija, Rīga 1995 7.Horngren C.T., Sundem G.I., Stratton W.O. Introduction to Management Accounting (12th ed.). New Jersey: Prentice Hall, 2002. 789 p. 8.Januška M. Finanšu un grāmatvedības kontrole firmā. Rīga: Merkūrijs LAT. 2002. 144 lpp. (praktiskas rekomendācijas) 9.Krogzeme H. Komersantu darbības analīze un kontrole. Rīga: RTU 2013. 348 lpp. 10.Upchurch A. Cost Accounting: Principles and Practice. London: Prentice Hall, 2002. |
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| Periodicals and other sources | |
| 1.iBizness. Rīga: Izdevniecība iŽurnāli. ISSN 2256-0882
2.iFinanses. Rīga: Izdevniecība iŽurnāli. ISSN 2255-985X 3.Bilance: grāmatvedība, likumdošana, finanses. Rīga: Lietišķās informācijas dienests. ISSN 2005-1407-5709 |
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| Notes | |
| Limited elective study course for full-time studies of the academic master's study program “Economics” of the Faculty of Economics and Society Development for the specialization direction “Financial Management and Accounting”. | |