Course code

128

Course title

Cost Accounting

General Information

Program

Graduate Program

Year

4.

Course holder

Mira Dimitrić, Ph.D.

Course status

x

Core

Elective

Credits and Teaching

Winter semester

Summer semester

ECTS credits / student workload

6

Hours/ semester

60

Course objectives

The purpose of this course is to introduce students to theoretical issues of cost accounting, and gaining techniques and methods as planned by the course content. Within the seminar and workshop framework, students gain some competence in accounting processes in cost accounting, accounting of production, applying costing methods to calculating costs allocation to cost centres and cost objects, standardization of inputs costs, and other aspects of cost concept application in business performance.

Correspondence and correlation with other programs

The course content is in correspondence with international programs: Cost Accounting as well as with Cost and Management Accounting, and its content is partly covered by the course content of Management Accounting. It is in correlation with the programs of: University K.U. Leuven (Belgium), Faculdade de Economia Universidade Nova de Lisboa ( Portugal); Webster University, Geneva (Switzerland); Univerza v Ljubljani - Ekonomska fakulteta ( Slovenia); Ekonomsko-poslovna Fakulteta Maribor ( Slovenia); University of Zagreb – Faculty of Economics Zagreb (Croatia)

Course content

Basic theoretical issues of cost accounting. Inputs of business process and their accounting processing in cost accounting – operating fixed assets, material, external services and labour in cost accounting. Accounting of production – costs allocation to cost centers and cost objects – traditional and modern methods (Activity Based Costing, Target Costing). Composite calculation of sold production on the basis of full costs – sales accounting. Standardization of inputs costs of business process and calculation on the basis of standard costs. Fixed and variable costs – methods of fixed and variable costs separation – break-even-point analysis. Calculation systems on the basis of non-full costs – Direct Costing Method and other methods with one or more contribution margins. Benefit-cost analysis in cost accounting. Other aspects of cost concept application in business performance – linear programming, sensitive analysis. Special qualities of internal calculation and financial result calculation in industrial production, building trade, agriculture, cattle breeding and horticulture.

Modes of instruction (mark in bold)

Lectures

Seminars and workshops

Exercises

Independent work

Multimedia and the Internet

Distance learning

Consultations

Laboratory work

Tutorials

Field work

Development of general and specific competences, knowledge and skills

Development of competences in implementing cost accounting into business practice, realizing the importance of internal calculations in shaping the database of business process management, cost management, pricing policy and internal organization of production process monitoring. The specific skills gained through the course are based on the possibility of implementing different calculation methods.