SubjectsSubjects(version: 955)
Course, academic year 2023/2024
Efficiency Assessment and Management Control Systems - AM501010
Title: Efficiency Assessment and Management Control Systems
Guaranteed by: Department of Economics and Management (837)
Faculty: Central University Departments of UCT Prague
Actual: from 2020
Semester: summer
Points: summer s.:6
E-Credits: summer s.:6
Examination process: summer s.:
Hours per week, examination: summer s.:2/2, C+Ex [HT]
Capacity: unlimited / unlimited (unknown)
Min. number of students: unlimited
State of the course: taught
Language: English
Teaching methods: full-time
Teaching methods: full-time
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Strouhal Jiří prof. Ing. Ph.D.
Interchangeability : M501010
This subject contains the following additional online materials

R: GARRISON, R.H., NOREEN, E.W., BREWER, P.C. Managerial Accounting. 16th Ed., New York: McGraw-Hill, 2018.

R: MERCHANT, K.A., van der STEDE, W.A. Management Control Systems. 4th Ed., London: Pearson, 2017.

R: SAMUELSON, W.F., MARKS, S.G. Managerial Economics. 8th Ed., Hoboken, John Wiley, 2015.

A: KAPLAN, R.S., ANDERSON, S.R. Time Driven Activity-Based Costing. Boston: Harvard Business School Press, 2007.

A: DAVILA, T., EPSTEIN, K. J., SHELTON, R.: Making Innovation Work, How to Manage It, Measure It and Profit from It. London: Pearson, 2012.

Last update: Čámská Dagmar (10.02.2021)
Requirements to the exam - Czech

Zápočet: průběžné testy znalostí, průběžná tvorba a prezentace semestrálního projektu

Písemná zkouška

Last update: Čámská Dagmar (09.02.2021)

1. Business objectives, core enterprise activities and their impact on long-term value creation.

2. Business operations, costs and their classification. Short-term and long-term cost functions, technology choice. Break-even and CVP analyses.

3. Production capacity, market capacity, price elasticity, and their impacts on rational production volume decision-making. The price floor in the context of future forecasts. Pricing.

4. Cost management. Impacts of managerial decisions. Operational leverage as a measure of business risk. Relationship between operational and financial leverage, business risk.

5. Costing – costing formula. Absorption costing, variable costing, their advantages and disadvantages, possibilities of application. Variable costing as the tool of portfolio analysis.

6. Absorption costing – different approaches, their application. Single costing, costing based on ratios, allocation base approach, subtraction costing. Specific costing approaches such as target costing and activity-based costing (ABC).

7. Working capital, its structure and optimization in the context of operational cash flow and operational management.

8. Budgets, their classification and applications. Reasons of deviations, deviation analysis, prevention, and corrective actions.

9. Performance analysis, Key Performance Indicators, Benchmarking.

10. Management control, its objectives, principles, and basic concepts. Controller – profile, job description, main tasks, competencies and responsibilities.

11. Management control systems and tools.

12. Management control, its position in operational and strategic management. Product life cycle analysis.

13. Management system feedback, control cycle.

14. Reporting, data processing principles and practical methodology.

Last update: Čámská Dagmar (10.02.2021)
Course completion requirements

Assessment requirements: at least 50% obtained from midterm test(s), submitted version of the seminar paper accepted by the teacher

Students who fail to score at least 50% of the midterm test(s) can write a summarized test with the passing score of 60%.

Students are allowed to resubmit their seminar paper (once).

Exam: written test

Only students who obtained assessment (“zápočet”) can take the exam.

Last update: Čámská Dagmar (10.02.2021)
Teaching methods
Activity Credits Hours
Obhajoba individuálního projektu 0.1 2
Účast na přednáškách 1 28
Příprava na přednášky, semináře, laboratoře, exkurzi nebo praxi 1 28
Práce na individuálním projektu 1.4 40
Příprava na zkoušku a její absolvování 1.5 42
Účast na seminářích 1 28
6 / 6 168 / 168