• 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
European Economy & Business Management (Bachelor)
Language of instruction
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.