COST MANAGEMENT

(4 Credits)

Educationaldegree:Bachelor

Learning Objectives

The objectiveof the science “Cost management” is systematic statement of regularities of formation of expenses for their level optimization and justification of rational economic decisions.

The tasks of the science “Cost management”:

• create the knowledge of product’s cost structure, cost management system at the enterprise;

• develop the ability to study the factors influencing the cost and to calculate their impact on the results of the activities;

• acquaint students with the models of optimization of the enterprise operating system on the base of criterion of the expenses.

Learning Outcomes

Upon successful completion of the requirements for this course, students will be able to:

-         reveal the factors causing the level of cost;

-         calculate cost value on types, places and carriers;

-         analyze the influences of the cost structure and dynamics on the profit.