Financial Reporting in the Function of Management
Instructor: Предраг Гајић, PhD, Full Professor
The purpose of the subject is to enrich the knowledge gained during undergraduate studies in the field of accounting informing for management purposes, and training for the use of management-oriented accounting in companies. The specific goal relates to the efficient management of resources in the area of reducing costs and improving quality of effects. It is also intended for managers who will participate in managing companies with divisional organizational structure.
| Code : | 2О14РФИФ |
|---|---|
| Status: | C |
| Semestar: | 10th |
| Number of classes per week: | 2+2 |
| ЕECTS: | 5 |
| Teachers: |
Предраг Гајић,
PhD Full Professor |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | After the implementation of the planned curriculum, students should understand: a systematic approach to building management-oriented accounting information system, and the determinants and elements of the system; the importance of full-cost accounting, accounting of differential values and accounting of responsibilities and their connection with the issue of the preparation of statements and their suitability for management purposes. Students should be able to analyze financial statements, to enable calculation of the costs for the needs of planning, control and alternative decision-making, measuring of the performance of enterprise segments for management purposes and IFRS 8, to adapt calculation of costs to modern selected concepts of cost management, to define the policy of transfer prices and to use information of management accounting for the purpose of rewarding employees. |
| Subject Contents: | Activities (elements) of traditional management accounting; Determinants of development and elements of organizational structure of the management-oriented accounting; Analysis of financial statements; Cost Accounting; Analytically itemized income statement (by time, space, objects, fields of action); Determinants and operations of organizational structure of cost accounting and accounting (budget) control; Adapting cost accounting to the chosen instruments of cost management; Identification of responsibility centers and measuring their performance; IFRS 8 - Segment reporting - practical application; Role and importance of transfer prices and ways of their formation; Status of domestic practice of management accounting; The use of management accounting information for the purpose of motivating employees. |
| Teaching Methods and Learning Activities: | Lectures and exercises within the planned number of classes. |
| Literature: | Horngren C., Foster G., Datar S., Cost Accounting – A Managerial Emphases, Prentice Hall International, INC. 2000. (translated edition) Gajić, P., Managerial Accounting – strategic aspects of accounting support for managing key success factors, Faculty of Economics, University of Banja Luka, 2017. Malinić D., Milićević V., Stevanović N., Managerial Accounting, Faculty of Economics, University of Belgrade, 2012. edition or 2019. edition Novićević B., Antić Lj., Managerial Accounting, Faculty of Economics Niš, 2009. edition or 2013. edition Novićević B., Antić Lj., Stevanović T., Cost management concepts in the function of competitive strategies implementation, Faculty of Economics Niš, 2013. Rodić, J., Rakovački-Tubić S., Cost Accounting and segment performance accounting, Finrar and Faculty of Economics, University of Banja Luka, 2010. |
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| Special Remarks for the subject: |