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

Recommended or required reading and other learning resources/tools

Wala/Haslehner/Hirsch: Kostenrechnung, Budgetierung und Kostenmanagement

Planned learning activities and teaching methods

Lecture, discussions, quizzes

Assessment methods and criteria

Continuous assessment: 30 points can be received 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

Infos

Degree programme

European Economy & Business Management (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Part-Time

Academic year

2023

Semester

3 WS

Incoming

No

Learning outcome

On successful completion of this class, 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 (projected balance sheet, projected income statement, financial planning etc.).
The learning outcomes of this course contribute mainly to the following (international) programme learning outcomes:
LO 3.2
LO 4.1
LO 5.1

Course code

0389-20-01-BB-DE-24