Instructor: Предраг Гајић, PhD, Associate Professor
The subject aims to familiarize students with accounting activities in the preparation of financial and non-financial information for the needs of management and in the process of corporate decision-making and management control (in the stages of planning, organization, control, communication and motivation).
|Number of classes per week:
PhD Associate Professor
|Learning Outcomes (gained knowledge):
||After successful completion of the subject the student should understand: the division of accounting into financial accounting, cost accounting and management accounting, their relationships and information goals; the role of management accounting in the preparation of information for management purposes, as well as the importance of the value chain and supply chain. Students will be able to analyze key success factors from the standpoint of management and management accounting, in particular the different concepts of costs and their division.
||The tasks and role of an accountants in the organization; Various division of costs for various control purposes; Introduction to cost accounting; Cost accounting in individual production, calculation per work order (task, order); Activity-based cost accounting; Cost accounting in mass production (calculation by processes); Cost accounting in coupled production; General costs and allocation of secondary costs; Accounting planning (budgeting) and the calculation of standard costs; Main budget and responsibility accounting; Flexible budget and management control of costs and revenues; Accounting reports with different types of deviation analysis; Decision-making process; Relevant values for decision-making and different types of decisions; Analysis of the cost-volume-profit relationship (CVP analysis); Decisions on selling prices and cost management.
|Teaching Methods and Learning Activities:
||Mastering of subject curriculum and adoption of appropriate knowledge is achieved by using the following teaching methods: lectures, exercises, mentoring during the preparation of seminar papers and consultations with the active participation of students in all phases of the teaching process, paying attention to the independence of the students in the application of acquired knowledge in the analysis and interpretation of various examples.
||Horngren, T.; Charles, F. G.; Strikant, D. M. (2000). Cost Accounting a Managerial Emphasis. Prentice Hall International, INC. (translated version issued by the Association of Accountants and Auditors of FBiH and Association of Accountants and Financial Professionals of Herzeg-Bosnia);
Rodić, Ј.; Rakovački–Tubić, S. (2010). Costs and performance accounting and accounting of business segments. Banja Luka: Finrar and Faculty of Economics;
Stevanović, N.; Malinić, D.; Milićević, V. (2012). Management Accounting. Belgrade: Faculty of Economics.
|Types of Assessment for the subject:
||Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)
|Special Remarks for the subject: