Cost Accounting and Budgeting

Brief description

• 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

2025

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