ACC 403: Management and Cost Accounting
Contents
- Cost Terms and Purposes
- Job Costing
- Cost Allocation
- Cost-Volume-Profit Analysis
- Activity-Based Costing
- Cost Behavior
- Process Costing
- Using Cost Accounting for Managerial Decision-Making
Learning outcomes
This module provides students with an introduction to cost accounting 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 performance evaluation and managerial decision making.
Necessary prerequisites
semester 6 or higher
Recommended prerequisites
–
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 2 SWS | 4 SWS |
| Exercise class | 2 SWS | 4 SWS |
| Tutorial | 2 SWS | 3 SWS |
| ECTS credits | 6 |
| Graded | yes |
| Workload | 180h |
| Language | English |
| Form of assessment | Written exam (90 min) |
| Restricted admission | no |
| Further information | – |
Examiner Performing lecturer |  | Prof. Dr. Jannis Bischof Prof. Dr. Jannis Bischof |
| Frequency of offering | Spring semester |
| Duration of module | 1 semester |
| Range of application | B.Sc. BWL |
| Preliminary course work | A score of at least 80% in 3 out of 4 online quizzes (via ILIAS) to be taken subsequently during the term. |
| Program-specific Competency Goals | CG 1, CG 2 |
| Literature | Bhimani, 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 outline | Introduction: 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 |