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- Cost Management_073
Cost Management_073COURSE ANNOTATION («Cost Management») Recommended for students pursuing a first (bachelor’s) level of higher education Course Objective Formation of systematized knowledge regarding the mechanism of formation of enterprise costs and mastery of tools (methods, models, indicators) for their planning, control, and optimization. Special attention is paid to modern tools for taking into account uncertainty and risk and decision-making within the framework of cost management. Interdisciplinary connections of the discipline The study of the discipline “Cost Management” is based on previously acquired competencies in such disciplines as “Microeconomics”, “Entrepreneurship”, “Finance”, “Management”, “Accounting”, “Enterprise Finance”, and the Training course “Economic Substantiation of Management Decisions”, “Personnel Management”. Learning Outcomes, Teaching Methods, and Assessment Tools Table 1 – Teaching Methods and Assessment Tools for "Cost Management" aligned with Learning Outcomes Learning Outcomes | Teaching Methods | Assessment Tools |
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1. | Knowledge | 1.1 | composition of costs, structure, and mechanism of functioning of the enterprise cost management system | lectures, presentations, discussions, situational tasks | Surveys via class discussions, testing, processing of theoretical questions of control (modular) works, final control work | 1.2 | regularities and factors of formation of enterprise costs | lectures, discussions, situational tasks | 1.3 | structure and procedure of drawing up estimates of responsibility centres and the enterprise as a whole | lectures, presentations, discussions, situational tasks | 1.4 | mechanism and methods of accounting for enterprise costs, formation of responsibility centres | lectures, presentations, discussions, situational tasks | 1.5 | scheme of adaptation of the enterprise operating system to change its loading according to the cost criterion | lectures, presentations, discussions, situational tasks | 1.6 | methodological apparatus for minimizing the costs of creating and storing enterprise inventories | lectures, presentations, discussions, situational tasks | 2. | Skills | 2.1 | identify and analyse the factors that shape the company's costs, build the company's cost functions, calculate planned cost indicators within the framework of budgeting for responsibility centres and the company as a whole | practical tasks (case studies, tasks, analytical and computational situational tasks) | Results of solving practical tasks within the framework of thematic individual work and control (modular) work, results of performing and defending analytical and computational individual tasks of individual work | 2.2 | identify and analyse the factors that shape the company's costs, build the company's cost functions, calculate planned cost indicators within the framework of budgeting for responsibility centres and the company as a whole | practical tasks (case studies, tasks, analytical and computational situational tasks) | 2.3 | calculate the cost of production of the enterprise, using various methodological approaches | practical tasks (tasks, analytical and computational situational tasks) | 2.4 | use the tools of target formation, structural analysis and reduction of enterprise costs | practical tasks (tasks, analytical and computational situational tasks) | 2.5 | use the methodological apparatus to minimize the costs of creating and storing enterprise inventories | practical tasks (tasks, analytical and computational situational tasks) | 3. | Communication | 3.1 | ability to convey information, ideas, problems, solutions, own experience, and arguments | lectures, discussions, practical tasks | Surveys via class discussions, results of individual study of theoretical questions and practical tasks | 3.2 | ability to communicate on professional issues orally and in writing with participants in economic relations to ensure the functioning and development of the enterprise | 3.3 | ability to develop proposals for eliminating identified shortcomings, errors | 4. | Responsibility and Autonomy | 4.1 | ability to understand personal responsibility for making professional or managerial decisions or providing recommendations related to the analysis, planning, and control of enterprise costs, and building an effective enterprise cost management system | practical tasks | Results of individual work on practical tasks | 4.2 | ability to bear responsibility for making professional or managerial decisions or providing recommendations related to the analysis, planning, and control of enterprise costs, building an effective enterprise cost management system |
Course Content by Topics Module 1 Topic 1. Essential characteristics of costs Topic 2. Regularities and factors of cost formation Topic 3. Cost management system Topic 4. Formation of costs of responsibility centres and the enterprise as a whole Topic 5. Product cost Topic 6. Activity-Based Costing Module 2 Topic 7. Accounting in the cost management system Topic 8. Cost control and stimulation of resource savings Topic 9. Analysis of the “Costs-Volume-Profit” system as a tool for substantiating production and marketing decisions Topic 10. Methods of target formation, structural analysis and cost reduction Topic 11. Adaptation of the operating system to changes in its load according to the cost criterion Topic 12. Minimization of costs for the creation and storage of inventories Faculty Members Teaching the Course Oleksiy Kotsyuba, Doctor of Economics, Associate Professor, Professor, Department of Business Economics and Entrepreneurship, kotsyuba.oleksiy@kneu.edu.ua Iryna Kubareva, PhD in Economics, Associate Professor, Department of Business Economics and Entrepreneurship, iryna.kubareva@kneu.ua Recommended information sources - Greshchak M.G., Gordiyenko V.M., Kotsiuba O.S., Lozovyk Y.M. Cost management: a manual / edited by M.G. Greshchak. Kyiv: KNEU, 2008. 264 p.
- Greshchak M.G., Gordiyenko V.M., Kotsiuba O.S., Lozovyk Y.M. Cost management: a workshop / edited by M.G. Greshchak. Kyiv: KNEU, 2011. 190 p.Blocher, Edward. Cost management: a strategic emphasis / Edward J. Blocher, David E. Stout, Gary Cokins.—9th ed. 2022.
- Cost Management Accounting and Control Don R. Hansen Maryanne M. Mowen.—5th ed. 2007.
- Kubareva I. Leadership and effective cost management as the components of corporate social responsibility / Kubareva I. V., Maliarchuk O. H., Pohuda N. V. // II International Scientific Conference The Modern Trends in the Development of Business Social Responsibility, Part I, June 29th, 2018. Lisbon, Portugal. 140 p. – P. 96-98.
Last redaction: 05.03.25 |