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Improvement of the controlling illustrated on a specific company
Staněk, Tomáš ; Petera, Petr (advisor) ; Fibírová, Jana (referee)
The diploma thesis is focused on the issues of controlling and plans and budgets in selected company Bra a.s. The diploma thesis starts with the theoretical part in which is defined the issue of controlling in the company with the emphasis on plans and budgets and their functions in the company, methods of their creation and alternatives methods such as beyond budgeting and zero-based budgeting. The findings of the theoretical part of the thesis are then used in the practical part and applied to a specific company. The first is describing the introduction of a controlling position in the selected company and the introduction of an improved plan and budget system created by me. Afterwards this will be evaluated and bassed on theoretical knowledge and possible changes will be proposed.
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Proposed reward system of employees in selected company
Kabourková, Lucie ; Wagner, Jaroslav (advisor) ; Petera, Petr (referee)
This thesis deals with proposed system of rewards in a specific company that will be used to increase employee motivation and subsequently their economical productivity. Multidisciplinary literary research from fields of productivity measurement, direction of human resources, psychology and positive economy, represents the theoretical level of this Thesis. Practical part then describes selected company, it introduces reader to specific department and explains jobs of employees, and later it proposes and discusses complex reward system. This particular system is designed based on literature and interviews with employees of individual departments. The Thesis analysis possibilities of salary division into fixed and variable parts, it deals with connection of variable parts to specific scales, outlines issues with bonuses as well as other non-financial motivations, such as teambuildings and promotions, that increase employee motivation.
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Application of the Balanced Scorecard Method within a Chosen Enterprise
Lužová, Jiřina ; Wagner, Jaroslav (advisor) ; Petera, Petr (referee)
The diploma thesis "Application of the Balanced Scorecard Method within a Chosen Enterprise" deals with the Balanced Scorecard concept from the point of view of its integration in the strategic management of a business establishment. The theoretical-methodological part addresses the topic of business performance strategic management with the use of a Balanced Scorecard method. This part characterises the individual elements of the Balanced Scorecard method, gives reasons for its implementation, outlines the individual perspectives constituting the core framework of this method, describes the proposed implementation of the concept and summarises its limitations and constrictions. The practical part of the diploma thesis applies the findings collected in the theoretical-methodological part to the conditions of the production company Screw & Wire Libčice a.s. As a first step, analyses of the company´s external and internal environments are carried out along with the SWOT analysis. Based on the strategic analysis, the mission, the vision and the strategy of the company are defined. As a next step, the Balanced Scorecard itself is modelled to meet the needs of the particular company. The causal interrelations between the strategic objectives of the individual perspectives are illustrated with the help of a strategy map. Lastly, the diploma thesis comes up with a proposal for the implementation of the Balanced Scorecard concept within the chosen enterprise.
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Utilization of budgeting for managing of business operating in touristic market
Duzmambetov, Danil ; Petera, Petr (advisor) ; Špičák, David (referee)
The bachelor thesis entitled deals with approaches to utilization of budgeting for managing of business operating in touristic market. In The theoretical part describes tools and methods of managerial accounting, which used for preparation of corporate budgets and plans. The application part consists of evaluation of the current system of costs budgeting and planning and the proposal of optimization of this system, which based on current theoretical approaches
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The analysis costing system of particular company
Šántová, Adriána ; Šiška, Ladislav (advisor) ; Petera, Petr (referee)
The aim of my thesis is to analyse the application of the selected tool of managerial accounting, especially costing in company KultCase. The thesis is divided into two main parts: theoretical and practical. The theoretical part explains the terminology of costs, costing, cost allocation, and their classification, characteristic and purpose. The practical part is focused on brief introduction of the company and description of the process of production. The following is recognition, classification and allocation of costs and introducing the costing in the company. The conclusion of my thesis presents results.
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Analysis and proposals for optimization of costing system illustrated on a particular production plant
Dolbysh, Dmitry ; Petera, Petr (advisor) ; Šiška, Ladislav (referee)
The subject of this Bachelor thesis is an analysis of costing system of the specific production plant. The first part of the thesis generally deals with theory on costing. The second part is a crucial one. It aims to describe and evaluate utilization of costing in the company, including a proposal for eventual modifications. There were revealed major shortcomings of costing in the company which lie in the usage of the wrong allocation methods and in the structure of used costing formula. As the result, there were proposed more suitable allocation methods and presented a new structure of costing formula.
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Application of cost analysis in a chosen research and development manufacturing company.
Selnarová, Martina ; Fibírová, Jana (advisor) ; Petera, Petr (referee)
This thesis deals with similarities and difference between financial and managerial accounting with regard to profit/loss statements, costing methods, and cost allocations. A significant portion of this work delves into an analysis of a chosen company. Consequently, recommendations are made regarding costings and the structure of an income statement used for managerial purposes. In conclusion of the thesis, suggestions are presented for the implementation of managerial accounting practices into everyday decision making process of the business.
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Analysis of the usability of selected economic software in management accounting
Křehnáčová, Aneta ; Špičák, David (advisor) ; Petera, Petr (referee)
The aim of this Bachelor thesis is to analyze the usability of selected economic software in management accounting. The theoretical part of the thesis summarizes knowledge of the areas of management accounting and economic software. In the practical part, the representatives of economic software suitable for the analysis are selected. At first the information gathered from the producers´ websites is used to verify whether the potentially suitable products would be suitable for supporting selected management accounting related tasks. The products which do not meet the condition of free availability are subsequently excluded from further consideration. At last the list of the considered products is narrowed down to the ones most frequently used in the Czech Republic. Respecting the criteria described above, the products HELIOS Red, Money S3, POHODA and PREMIER System were chosen as the representatives suitable for further analysis. Each of the software is assessed using the following criteria: cost classification options, support of costing and budgeting, export of data to MS Excel and user friendliness. Respecting the chosen criteria, the analysis reveals that the only software suitable for use in management accounting is PREMIER System. In this software a creation of a specific costing using a model example is demonstrated.
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Performance management system and motivation
Petera, Petr ; Fibírová, Jana (advisor) ; Wagner, Jaroslav (referee) ; Havlíček, Karel (referee)
The positive impact of performance measurement and management (in connection with rewards) on motivation of workforce have been questioned in recent years and decades. The conceptual part of the thesis strives to identify whether the above mentioned criticisms of discussed systems is based on their inherent properties (characteristics) or on properties (characteristics) of their specific implementations. Extensive multidisciplinary literature review (especially from the fields of accounting, performance measurement, financial management, microeconomics, labor economics, behavioral economics and psychology) showed that the performance measurement and management systems (including linkages to remuneration) have the potential to positively impact motivation, work effort and performance of workforce. Refusing this potential, which often occurs especially in relation to remuneration, is based on specific applications, and it must be dismissed as simplistic. The literature review also helped identify the factors and characteristics of the discussed systems, which are crucial for their positive motivational effect, as well as properties that are usually undesirable in terms of motivation. Another significant outcome of the conceptually oriented part of the thesis is a model framework enabling detailed analysis of rewarding for performance. The thesis also describes and discusses the results of two empirical surveys, the first of which was focused on the analysis of performance measurement and management system and remuneration system, and the second survey was primarily focused on detailed analysis of the system of remuneration and motivation of workforce. Regarding performance measurement, as positive can be perceived the fact that strategic performance measurement systems of the balanced scorecard type are intensively used, including the search for causal links between measures and efforts to link these systems to the remuneration of workforce. It should be noted however, that the issue of interconnection of balanced scorecard systems with remuneration of workforce is by respondents considered to be one of the biggest problems of balanced scorecard implementation. Therefore is identified an area where further research is needed, particularly in the form of case-study based research. All respondents indicated the use of budgets to fulfill many functions (e.g. tool for financial management in terms of coordination and verification of planned business objectives and early risk detection, tool for setting of targets of the business as a whole, and tool for internal motivation and management) and it is possible to conclude that there is no abandonment of budgets (as sometimes implied by "beyond budgeting"). A surprising finding was little use of new performance measures, especially economic value added (as top financial measures were usually referred EBITDA and EBIT). The results of both surveys showed that respondents seek to implement quality systems of remuneration, but revealed were also some problematic features of these systems. Particularly important is the fact that rewards for long-term performance are relatively little used, which can lead to short-term oriented decision making of managers. This problem is exacerbated by the fact that rewards are usually awarded in the form of money; the use of equity-based rewards (e.g. shares) is very low. Furthermore, insufficient is also utilization of rewards in the form of work-life balance programs and utilization of rewards in the form of appreciation.
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Cost control methodology (Teplospol company)
Kučerová, Markéta ; Wagner, Jaroslav (advisor) ; Petera, Petr (referee)
The diploma thesis focuses on theoretical and practical aspects of cost control methodology. The effort is to introduce individual tools and methods for cost management. I introduce various instruments for cost management and outline the connections of company costs, systems of their records and their interaction in the form of cost optimization. At the beginning I explain the importance of cost, the reasons for cost management, cost management concepts and their types according to purpose. Then I focus on methodology of costs calculations and budgets as tools for operating cost control. Last section of theoretical part is focused on strategic cost management as a tool for long term cost control. Second part deals with the application of theoretical aspects in practice. This part starts with description of the methodology of cost management in the selected company and also with application of the recommendations resulting from theoretical findings. The main goal of diploma thesis will be achieved by analysing company's current situation, identifying critical problem areas and proposing steps leading to a solution suited for company's needs. The scope of work presented in the first part of the thesis will be applied on Teplospol a.s.; solutions that suit the company will be proposed.
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