Skip to main content
Skip header

Costs, Calculations and Prices

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code154-0307/08
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Choice-compulsory type B
Level of Course Unit *First Cycle
Year of Study *Second Year
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
DLU30prof. Dr. Ing. Dana Dluhošová
LIS10Ing. Karolina Lisztwanová, Ph.D.
KRE330doc. Ing. Aleš Kresta, Ph.D.
Summary
The course is focused on cost theory and its application in economic management with an emphasis on the issues of short-term decision-making techniques, cost allocation and costing, cost and revenue budgeting. The course is also focused on the issues of pricing and individual pricing methods while respecting the legislation in the price area in the Czech Republic.
Learning Outcomes of the Course Unit
This course is devoted to:
orientation and understanding costs theory and their management with
respect to economy and effectiveness of entrepreneurial activity,
gain ability to identify and quantify variable and fixed costs with the
assistance of costs modelling methodology,
gain ability of short - term decision - making technique in homogenous
and heterogeneous production,
gain ability of costing with application appropriate calculation
techniques and methodologies,
gain knowledge about pricing low and basing approach of price - making.
Course Contents
1. Development, conception and procedural concept of costs, relation of costs and expenses, concepts of revenues and income, principle of economy and efficiency, accounting and economic conception of costs. Performance, classification of production and performance for the needs of economic management tasks. Profit.
2. Structure and classification of costs according to type and classification purposes, the importance of their use in control and cost management. The economic structure of the company. Classification of centers of economic structure of the company for the purpose of accounting and cost management according to the principles of responsibility.
3. Classification of costs according to decision-making processes and their use in management accounting.
4. Classification of costs according to the relation to change in the output volume, absolutely fixed and relatively fixed costs, used and unused fixed costs, relative savings in fixed costs, variable costs, coefficient of reaction. Mixed costs, sticky cost.
5. Differential and incremental costs. Classification of revenues.
6. Cost models and their classification. Methods of estimation of fixed and variable costs. Linear cost function and its use in economic management.
7. Short-term decision-making techniques based on accounting information – theory of break-even point in homogeneous and heterogeneous (assortment) production. Method of variable costing (direct costing).
8. The role and use of calculations in the economy. The basic concepts used in the theory of calculations. Place of calculation system in the system of economic management of a company, relations of the calculations to other information systems.
9. The form and the structure of calculations, calculation formula with regard to the purpose of calculations’ usage, general calculation formula, responsibility of calculations’ compilation.
10. Types of calculations – classification and characteristics of calculations’ types in relation to time of compilation and their function in economic management. Principle of Target Costing.
11. Calculation techniques – simple division, division with ratio numbers, surcharge costing, activity based costing.
12. Calculation techniques – individual calculations, calculations of combined performance, calculations of phase and stepped production.
13. Price functions in the economy. Theoretical aspects of pricing, legislative regulation of prices in the Czech economy.
14. Cost-oriented pricing methods and their use – cost-price relationship, parametric pricing, modularity and others. Market-oriented pricing methods.
Recommended or Required Reading
Required Reading:
DATAR, Srikant M. and RAJAN, Madhav V. Horngren’s cost accounting: a managerial emphasis. Sixteenth edition. Harlow: Pearson, 2018. ISBN 978-1-292-21154-1.
FIBÍROVÁ, Jana; ŠOLJAKOVÁ, Libuše; WAGNER, Jaroslav and PETERA, Petr. Manažerské účetnictví: nástroje a metody. 3. vydání. Praha: Wolters Kluwer, 2019. ISBN 978-80-7598-486-9.
KRÁL, Bohumil. Manažerské účetnictví. 4. rozšířené a aktualizované vydání. Praha: Management Press, 2018. ISBN 978-80-7261-568-1.
DATAR, Srikant M. a RAJAN, Madhav V. Horngren’s cost accounting: a managerial emphasis. Sixteenth edition. Harlow: Pearson, 2018. ISBN 978-1-292-21154-1.
FIBÍROVÁ, Jana; ŠOLJAKOVÁ, Libuše; WAGNER, Jaroslav a PETERA, Petr. Manažerské účetnictví: nástroje a metody. 3. vydání. Praha: Wolters Kluwer, 2019. ISBN 978-80-7598-486-9.
KRÁL, Bohumil. Manažerské účetnictví. 4. rozšířené a aktualizované vydání. Praha: Management Press, 2018. ISBN 978-80-7261-568-1.
Recommended Reading:
DUŠEK, Jiří. Vnitropodnikové účetnictví: praktický návod s podklady na jeho zavedení. Praha: Grada, 2019. ISBN 978-80-271-2816-7.
NEKVAPIL, Tomáš. Neptejte se účetních, jak řídit náklady. Vydání druhé. Účetnictví. Praha: Wolters Kluwer, 2021. ISBN 978-80-7676-078-3.
STEJSKALOVÁ, Irena. Finační účetnictví pro manažery s netradičně pojatými případovými studiemi. Vydání 3., aktualizované. Praha: Wolters Kluwer, 2021. ISBN 978-80-7552-773-8.
DUŠEK, Jiří. Vnitropodnikové účetnictví: praktický návod s podklady na jeho zavedení. Praha: Grada, 2019. ISBN 978-80-271-2816-7.
NEKVAPIL, Tomáš. Neptejte se účetních, jak řídit náklady. Vydání druhé. Účetnictví. Praha: Wolters Kluwer, 2021. ISBN 978-80-7676-078-3.
STEJSKALOVÁ, Irena. Finační účetnictví pro manažery s netradičně pojatými případovými studiemi. Vydání 3., aktualizované. Praha: Wolters Kluwer, 2021. ISBN 978-80-7552-773-8.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
CreditCredit85 (85)85
        Zápočtová písemka - příkladová částWritten test 
        Zápočtová písemka - teoretická částWritten test85 85