ECTS
ECTS Course Catalogue
Course details
Course code: RIPS10034o12Semester: 2012/2013 summer
Name: Finance and accountancy in the cost account for engineers
Major: Production Engineering and Management
Study Type: first cycle
Course type: compulsory
Study Semester: 2
ECTS points: 3
Hours (Lectures / Tutorials / Other): 15 / 30 / 0
Lecturer: Dr Krzysztof Prymon
Language of instruction: Polish
Learning outcomes: Knowledge: He or she has special knowledge inclusive of finanse and accounting and cost accounting for engineers.It contains principles of finansing and investment and methods of evaluation of investment projects, legal bases of accountancy,business operations and evaluation of cost and effects managing the production factors. Skills: The student can adopt basic principles of finanse and accountancy to manage the business organizations,to make decission on finansing and to prepare related documents. The student posseses capability of managing the organization,to manage the investments,to set targets concerned with technology of management and finanse,the transfer of technology and innovations and to prepare and present appropriate reports. Posseses capabilty of understanding basic economic processes and to manage them
Competences: He or she is conscious of an importance of continuing education and improvement of knowledge conncerning management and engineering of agricultural production. The student understands the need of life long learning to enriche capabilities earned during studies. He or she can think and act in enterprenuerial way in the field of tasks concerned with management and engineering of agricultural production.
Prerequisites: Microeconomics
Course content: Financial system of the state in market economy. The flows and financial assets in an economy. Links between the company’s financial system and financial system of the state. Financial system of the state in market economy. The flows and financial assets in an economy. The links between financial system of an enterprise with financial system of the state. The principles of investing and finansing- debt and its sourcing. Costs of debts and and equity. Investing and methods of investment project evaluation. Accountancy as a company’s information system. Principles and legal foundation of accountancy. Assests and capitals of a company, balance sheet. Economic balance operation and results. Principles of function of accounts, plan of accounts. Revenues and costs in accountancy. Financial statement as a source of informations on company’s stand (interpretation of balance sheet, profit and loses account). Financial results-ways of calculating. and its importance for the evaluation of a company’s financial standing. Costs calculation for engineers.Structuralisation of costs.Various models of costs calculation. Evidence and calculation procedures in various models of cost calculation. Costs standards.Budgetary control of costs. Costs monitoring. Costs in problem focused decision and costs calculations. Costs and results account. Target costing approach,kaizen costing, product life cycle account, costs and results account for managing the production factors.
Recommended literature: 1.Prymon K. „Elementy finansów rachunkowości oraz rachunku kosztów dla inżynierów” Wyd. Oświatowe ATUT Wrocław 2011 2.Karmańska A. „Rachunkowość zarządcza i rachunek kosztów” Wyd. Difin Warszawa 2006 3. Nowak E. Wierzbiński M. „Rachunek kosztów. Modele i zastosowania.” Wyd. PWE 2009
Assessment methods: Knowledge: Written exam Skills: Evaluation of independently prepared analyses in written form, written test Societal competencies: Evalution of active participation in group projects.
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