EC4:Performance management(Compulsory for specialty ACCA) [PDW4-WB-BSEFA04] Semestr letni 2018/2019
Konwersatorium, grupa nr 1

Compulsory reading:

Technical articles for PM module at www.accaglobal.com

Supplementary readings:

1. Leiwy, Daniel; Perks, Robert, „Accounting, Understanding and practice”, McGraw Hill Education, 2013

2. Wnuk-Pel, Tomasz “Management Accounting Innovations, the case of ABC in Poland”, Wydawnictwo Uniwersytetu Łódzkiego, 2013

3. Bojańczyk, Mirosław, “Corporate Accounting in the Unstable World”, Akademia Finansów I Biznesu Vistula w Warszawie, 2017

4. materials provided by the teacher

1. Specialist cost and management accounting techniques

1.1. Activity-based costing

1.2. Target costing

1.3. Life-cycle costing

1.4. Throughput accounting

1.5. Environmental accounting

2. Decision-making techniques

2.1. Relevant cost analysis

2.2. Cost volume analysis

- break-even point,

- margin of safety,

- break-even point using graphical method,

- target profit in single product and multiproduct situations

2.3. Limiting factors

- optimal production plan,

- problem solving using graphical method,

- dual prices and slack

2.4. Pricing decisions

- optimal price,

- calculating price using demand function,

- price strategies,

- mark-up, margin

2.5. Make-or-buy and other short-term decisions

2.6. Dealing with risk and uncertainty in decision making

- expected value method,

- sensitivity,

- decision matrix (maximax, maximin, minimax regret),

- decision tree method

3. Budgeting and control

3.1. Budgetary systems and types of budget

(rolling budget, flexed budget, zero-based budget, incremental budget, bottom-up budget, top-down budget, functional budget, master budget)

3.2. Quantitative analysis in budgeting

- high/low method

- Learning effect

3.3. Standard costing

3.4. Material mix and yield variances

3.5. Sales mix and quantity variances

3.6. Planning and operational variances

3.7. Performance analysis using variance analysis

4. Performance measurement and control

4.1. Performance management information systems

4.2. Sources of management information

4.3. Performance analysis in private sector organisations

- financial and non-financial indicators,

- balanced systems (Balanced Score Card, Building Block model)

4.4. Divisional performance and transfer pricing

- responsibility centres,

- establishing transfer prices,

- performance of investment centres (ROI and Residual Income)

4.5. Performance analysis in not-for-profit organisations and the public sector

4.6. External considerations and behavioural aspects

PP presentation, team work, self-study exercises

For ACCA class:

a three-hour and 15 minutes final examination in a paper-based format.

The exam will contain both computational and discursive elements. Some questions will adopt a scenario/case study approach. Students are provided with a formulae sheet.

Section A of the paper-based exam comprises 15 multiple choice questions of 2 marks each

Section B of the paper-based exam comprises three questions containing five

multiple choice questions.

Section C of the exam comprises two 20 mark questions.

The two 20 mark questions will come from decision making techniques, budgeting and control and/or performance measurement and control areas of the syllabus. The section A questions and the questions in section B can cover any areas of the syllabus.

There is no retake possible which makes exemption from ACCA exam possible. The retake allows to pass the Vistula University's exam.

For other students:

The final exam lasting 2 h – multiple choice test plus case study questions, both computational and discursive. Retake is possible.