Cost Accounting and Budgeting

  • Strategic vs. operative accounting (SWOT, balanced score card, portfolio analysis etc.)
  • Overview of cost accounting terms and terminology
  • Cost theory (cost behaviour, sticky costs etc.) and separation of costs
  • Cost classification
  • Cost centre accounting (incl. internal cost allocation)
  • Cost unit accounting (incl. calculation methods) and cost unit performance analysis
  • Annual performance analysis (different structures of the income statement, full vs marginal cost accounting, cost volume profit analysis etc.)
  • Cost accounting and financial decisions (clean surplus accounting)
  • Decision support (production planning, price limits, make or buy etc)
  • Budgeting (projected balance sheet, projected income statement, financial planning)
  • Forecasting and variance analysis

Art der Vermittlung

Präsenzveranstaltung

Art der Veranstaltung

Pflichtfach

Empfohlene Fachliteratur

Bhimani et al. (2019): Management and cost accounting, 7th edition, Pearson

Lern- und Lehrmethode

Face-to-face learning (input, discussions, written individual and group activities, short presentations of solutions in class), written tests in class

Prüfungsmethode

Continuous assessment: 30 points can be received through participation in class (mini tests) and 70 points through a written final exam.

Voraussetzungen laut Lehrplan

Financial Accounting and Financial Statement Analysis

Schnellinfos

Studiengang

European Economy and Business Management (English)

Akademischer Grad

Bachelor

ECTS Credits

3.00

Unterrichtssprache

Englisch

Studienplan

Vollzeit

Studienjahr, in dem die Lerneinheit angeboten wird

2023

Semester in dem die Lehrveranstaltung angeboten wird

3 WS

Incoming

Nein

Lernergebnisse der Lehrveranstaltung

After successful completion of this course, students can

  • differentiate the fundamental terms of cost accounting and cost control
  • name the links in an integrated cost accounting system
  • identify suitable instruments to facilitate decision making and thereby
  • help prepare management decisions
  • aggregate data and thereby contribute to the creation of an integrated corporate budget.

Kennzahl der Lehrveranstaltung

1389-20-01-VZ-DE-24