Cost Management (German)

• Budgeting and planning • Integrated budgets (budgeted P&L, budgeted cash flow statement, Budgeted balance sheet) • Cost volume profit analysis for single and multi-product companies • Cost analysis and cost control • Detailed analysis on company level, cost centre level and product level • Various cost management approaches (target costing, product life cycle costing, activity-based costing) • Project cost control, • Internal cost allocation • Cost based and market-based transfer prices

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Wala/Haslehner/Hirsch: Kostenrechnung, Budgetierung and Kostenmanagement

Planned learning activities and teaching methods

Lecture, discussions, quizzes

Assessment methods and criteria

Continuous assessment: 30 points can be obtained through participation in class (mini tests, homework, online quizzes) and 70 points through a written final exam.

Prerequisites and co-requisites

Financial Accounting and Financial Statement Analysis, Financial Management and Investment Decisions, Cost Accounting and Budgeting Bilanzierung and Bilanzanalyse, Investitionsrechnung and Finanzierung, Kostenrechnung and Controlling

Infos

Degree programme

European Economy and Business Management (English)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2023

Semester

4 SS

Incoming

No

Learning outcome

After successful completion of this course, students can • systematically analyse the cost structures and costing process of a company • prepare an integrated budget • draw up reports on cost variations • evaluate the application of various cost management tools • assess the consequences of different transfer price regimes • help develop constructive, strategy-based recommendations for a sustainable improvement of the costing process. The learning outcomes of this course contribute mainly to the following (international) programme learning outcomes: LO 3.2. LO 5.1.

Course code

1389-20-01-VZ-DE-45a