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ACC 403: Management and Cost Accounting

Contents

  • Cost Terms and Purposes
  • Job Costing
  • Cost Allocation
  • Cost-Volume-Profit Analysis
  • Activity-Based Costing
  • Budgeting and Cost-Variance Analysis
  • Cost Behavior
  • Process Costing
  • Using Cost Accounting for Managerial Decision-Making

Learning outcomes
This module provides students with an introduction to the concepts of costing and its role in management accounting. Upon completion of this module students will be able to explain the nature of costs, record costs, apply different techniques of cost compilation and evaluate cost control procedures. Students will learn how to solve cost accounting tasks in business practice and how cost behavior affects the provision of information for strategic and long-term decision making.

Necessary prerequisites
semester 6 or higher

Recommended prerequisites

Contact hoursIndependent study time
Lecture2 SWS4 SWS
Exercise class2 SWS4 SWS
Tutorial2 SWS3 SWS
ECTS6
LanguageEnglish
Form of assessmentWritten exam (90 min.)
Restricted Admissionno
Further information
Examiner
Performing lecturer
Prof. Dr. Jannis Bischof
Prof. Dr. Jannis Bischof
OfferingSpring semester
Duration of module 1 semester
Range of applicationB.Sc. Bus. Adm.
Preliminary course workCase study presentations (in groups)
Program-specific Competency GoalsCG 1, CG 2
Graded yes
LiteratureBhimani, A., C.T. Horngren, S.M. Datar and M.V. Rajan (2018): Management and Cost Accounting, 7th edition, Harlow / UK: Pearson Education. ISBN: 978–1-292–23266-9 (print), 978–1-292–23268-3 (electronic).
Course outlineIntroduction: Cost Terminology and Cost Structure
Cost Accumulation
Costing Systems: Job Costing vs. Process Costing
Costing Systems: Joint Costing
Costing Systems: Activity-Based Costing Cost Centers
Performance Measurement
Performance Analysis: KPIs and Ratio Analysis
Performance Analysis: Cost-Volume-Profit Relationships
Cost Planning and Decision Making