Academic year/semester: 2025/26/2

ECTS Credits: 5

Available for: Only for the faculty’s students

Lecture hours: 2
Seminarium:0
Practice: 3
Laboratory: 0
Consultation: 0

Prerequisites: -

Course Leader: Ferenc Katona

Faculty: Keleti Károly Faculty of Business and Management, 1084 Budapest, Tavaszmező utca 17.

Course Description:
The concept of controlling and management accounting, the elements of a controlling system. Design of the controlling organisation, types of controller. Management costing, concept and classification of costs, concept, types and methods of costing, analysis of the costing structure, liquidity planning. Standard costing. Scale analysis. Concept and requirements of planning, plan-actual variance analysis. Investment profitability studies, static and dynamic methods. Design of controlling information system, role of indicators in controlling. Higher stages in the development of a controlling system (ZBB (zero-based costing) system, GWA (general cost analysis)). The concept and tasks of logistics controlling. Logistics performance and cost.

Competences:
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Topics:
1. The concepts of controlling and management accounting. The evolution of management accounting. Management accounting systems. Subsystems of the controlling process.
2. The scope of control of the controlling system.
3. The role of management accounting. The design of the controlling organisation.
4. Activity based costing. Activity based costing and the management based on it
5. Costing. The concept, purpose and function of costing . Types of costing, costing methods . The most common costing methods in domestic practice.
6. Costing by division . Substitute costing . Normative costing .
7. Brake-even analysis. Total cost function. Basics of brake-even calculation, Interpretation of the basic categories of brake-even calculation
8. The logic of the profit and loss calculation . Economic calculation
9. Measurement of financial performance and financial indicators of performance
10. Standard costing and management decision support
11. Systems of direct costing . One-stage direct costing. Multi-stage costing.
12. Zero Base Budgeting (ZBB). Overhead Cost Analysis. Functional Cost Analysis. Process Costing
13. Investment decisions. Dynamic procedures. Net present value (NPV) method.Internal rate of return (IRR). Annuity method
14. Controlling information system.

Assessment: - Completion of 2 theoretical and practical tests with a minimum of 50% during the semester - based on answers to essays questions and practical exercises. - The class work counts towards the assessment - Absences from classes must not exceed the value specified in the TVSZ.

Exam Types:

Test Exam

Compulsory bibliography: Horngren C. T., Sundem G. L., Stratton W., Burgstahler D., Schatzberg J.: Introduction to Management Accounting. Pearson, 2022

Recommended bibliography: -

Additional bibliography: -

Additional Information: -