Content (Syllabus outline)
1. Financial accounting information
1.1 Understanding fundamental financial statements and the effects of various managerial decisions on profit, financial position of the organization and taxes
1.2 The importance of cash flow
1.3 Responsibility of managers for financial reporting and the role of auditing
1.4 Financial statement analysis: key financial indicators for understanding profitability, asset turnover, financial position and liquidity of the company
2. Management accounting information
2.1 Cost conceptss and cost classifications
2.2 Cost Volume Profit Analysis
2.3 Contemporary costing methods
2.4 Relevant costs for decision making
2.5 Product and customer profitability analysis
2.6 Budgeting and control
2.7 Evaluation of business decisions
2.8 The link between performance measurement and managerial incentive system
3. Specifics of accounting information and decision-making in bioeconomics
3.1 Application to value chains in bioeconomy and natural resource management
3.2 Modern tools for cost management and performance management of organizations in the field of bioeconomy and natural resource management
Prerequisites
Work prerequisites:
- The course is designed from the point of view of the needs of users of accounting information and not of their designers (accountants). In its implementation, it will adapt to the competence requirements provided by the program Bioeconomics.
Prerequisites for performing study obligations:
- Ongoing work (performance of on-the-spot tasks during lectures and seminar exercises).
- Written exam.