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

Mode of delivery

face to face

Type

compulsory

Planned learning activities and teaching methods

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

Assessment methods and criteria

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

Prerequisites and co-requisites

Financial Accounting and Financial Statement Analysis

Infos

Degree programme

European Economy and Business Management (English)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2023

Semester

3 WS

Incoming

Learning outcome

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.

Course code

1389-20-01-VZ-DE-24

Cost Accounting and Budgeting