Cost Accounting

What it is about

In this module you will learn the central questions and methods of cost and revenue accounting. By the end you will be able to explain the basic cost accounting systems, assess their advantages and disadvantages, and apply them to solve typical business decision problems.

What you will be able to do

• Understand cost and revenue accounting systems
• Evaluate the advantages and disadvantages of full costing and contribution costing
• Apply cost type, cost center, and cost object accounting
• Carry out costing and cost object unit costing
• Determine cost functions
• Apply short-term income accounting and break-even analysis
• Assess the suitability of different systems for concrete problem situations

What the module consists of

• LecturesConveying the theoretical foundations through lectures and presentations
• ExerciseApplication of the lecture content using concrete tasks and small-group work

Teaching method

• Lecture/PresentationIntroduction and explanation of the contents
• Self-study of literatureDeepening and independent engagement with the topics
• Group work on exercisesPractical application and solving of concrete questions