Cost Management

Budgeting and planning, integrated budgets (budgeted P&L, budgeted cash flow statement, budgeted balance sheet), break-even analysis for single and multi-product companies, cost analysis and cost control, detailed analysis on company level, cost centre level and product level, traditional vs. modern cost management approaches, target costing, product life cycle costing, activity based costing, project cost control, transfer pricing: cost based transfer prices, market based transfer prices, other transfer prices, ratios and ratio systems, overview on value based management, international accounting and its implications on cost management

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Wala/Haslehner/Hirsch: Kostenrechnung, Budgetierung und Kostenmanagement

Planned learning activities and teaching methods

Lecture, discussion and preparation of short cases

Assessment methods and criteria

Final written exam

Prerequisites and co-requisites

managerial accounting, operative management, strategic management fundamentals

Infos

Degree programme

European Economy & Business Management (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2021

Semester

4 SS

Incoming

Yes

Learning outcome

On successful completion of the class, students will be familiar with how to systematically analyse the cost structures and costing process of a company and therefore be able to help develop constructive, strategy-based recommendations for a sustainable improvement of the costing process.

Course code

0389-11-01-VZ-DE-43b