Topic 1: Modern business environment and modern approaches to cost management

1. Porter's value chain:
   • Value chain analysis to identify competitive advantages.
2. Advantages and disadvantages of the just-in-time (JIT) approach:
   • Comparison with the traditional approach to supplying inventory.
3. The concept of total quality management (TQM):
   • Implementation of TQM to improve the quality of products and services.
4. The concept of supply chain management:
   • Supply chain optimization to reduce costs.
5. The concept of Kaizen management:
   • Continuous process improvement.
6. Business process reengineering method and outsourcing concept:
   • Reorganize processes to improve efficiency.

Topic 2. Break-even analysis (CVP analysis) in the context of the company's assortment policy

1. Break-even point:
   • Calculation for one product and product line.
2. Safety margin (margin of safety):
   • Definition and analysis.
3. Revenue to achieve the desired level of profit:
   • Calculating the required revenue.
4. Break-even analysis assumptions:
   • Key assumptions and their impact.

Topic 3. Conditions of uncertainty. Measuring relevant income and expenses for short-term decision-making

1. Approach in the interest of the decision:
   • Analysis of relevant income and expenses.
2. Decision on in-house production or procurement:
   • Evaluation of options.
3. Decision to sell or further process:
   • Feasibility analysis.
4. Decision to operate or abandon a segment:
   • Assessment of segment performance.
5. Deciding on the product mix with limited capacity:
   • Assortment optimization.

Topic 4: Pricing

1. Factors influencing the company's pricing policy:
   • Internal and external factors.
2. Pricing based on the "cost +" principle:
   • Calculation methodology.
3. Targeted pricing:
   • Determining the target price.
4. Special order pricing:
   • Calculation features.

Topic 5. Performance management and control of responsibility centers

1. Decentralization of internal management:
   • Benefits and challenges.
2. Classification of responsibility centers:
   • Types of centers and their functions.
3. Evaluating the effectiveness of responsibility centers:
   • Evaluation methods.
4. Transfer pricing:
   • Principles and methods.
5. Key performance indicators (KPIs):
   • Definition and use.

Topic 6: Analysis of investment decisions. Linear programming for management accounting purposes

1. Financial indicators:
   • Definition rules.
2. Return on investment, residual profit and economic value added:
   • Calculation procedure.
3. Evaluation of investments:
   • Options for determining profit.

Topic 7. Making decisions under conditions of uncertainty and risk

1. The concepts of risk and uncertainty:
   • Basic concepts.
2. Consequence matrices (decision matrices):
   • Use for decision-making.
3. Mathematical expectation (expected value):
   • Calculations for decision-making.
4. Standard deviation and coefficient of variation:
   • Calculation and analysis.

Topic 8: Using management accounting results to make effective management decisions

1. Non-financial performance indicators:
   • Importance and application.
2. Financial and non-financial indicators:
   • Differences and interconnections.
3. The concept of "sustainable development":
   • Impact on the scorecard.
4. Interrelation of non-financial and financial indicators:
   • Analysis of interconnections.

Topic 9: Balanced Scorecard

1. Balanced Scorecard (BSC):
   • Fundamentals and principles.
2. Strategy implementation tools:
   • Using BSC.
3. The field of the balanced scorecard:
   • Structure and elements.
4. Stages of developing the LSS:
   • Strategic level.

Topic 10. Risk management

1. Consideration of uncertainty and risk in decision-making:
   • Methods and approaches.
2. Risk management:
   • Fundamentals and tools.
3. Systematization and use of information:
   • Data collection and analysis.

Consultations for exam preparation