ABSTRACT OF THE EDUCATIONAL DISCIPLINE
«Cost management»
Recommended for applicants of the first (bachelor) level of higher education
The purpose of the discipline
To learn to manage costs in the enterprise and justify management decisions based on cost analysis and enterprise management system. Gain knowledge regarding formation of enterprise costs, mastering means (methods, models, indicators) of cost planning, control and optimization. Manage costs under conditions of uncertainty and risk.
Interdisciplinary connections of discipline
The discipline “Cost Management” is based on the knowledge of such disciplines as “Microeconomics”, “Applied Modelling”, “Accounting”, “Management”, “Finance of Enterprises”, “Analysis of Business Activities”.
Results and methods of learning, diagnostics tools
Table 1 – Teaching methods and tools for learning outcomes diagnostics in the discipline "Cost Management"
Results of learning | Methods of learning | Diagnostics tools |
|---|
1. | Knowledge: |
1.1 | composition of costs, structure and mechanism of enterprise's cost management system functioning | lectures, presentations, discussions, cases, situational tasks | Discussions, cases, situations analysis, tests, calculation tasks, module control works, final control work |
1.2 | regularities and factors of enterprise cost formation | lectures, presentations, discussions, cases, situational tasks |
1.3 | structure and procedure for drawing up estimates of responsibility centers and the enterprise as a whole | lectures, presentations, discussions, cases, situational tasks |
1.4 | mechanism and methods of cost accounting of the enterprise | lectures, presentations, discussions, cases, situational tasks |
1.5 | ways of adapting the company's operating system to changes according to the cost criterion | lectures, presentations, discussions, cases, situational tasks |
1.6 | methodical means for minimizing the costs of creating and storing the company's stocks | lectures, presentations, discussions, cases, situational tasks |
2. | Skills/Abilities: |
2.1 | identify and analyze the factors of formation of enterprise costs in enterprise cost function | practical assignments: cases, analytical and calculation tasks | Results of performing practical tasks (individual and module works), analytical and calculation individual tasks |
2.2 | calculate planned cost indicators for creation of estimates for responsibility centers and the enterprise | practical assignments: cases, analytical and calculation tasks |
2.3 | calculate enterprise cost of production using different methodological approaches | practical assignments: cases, analytical and calculation tasks |
2.4 | use the tools of target formation, structural analysis and reduction of enterprise costs | practical assignments: cases, analytical and calculation tasks |
2.5 | use methodical means to minimize the costs of creating and storing the company's stocks | practical assignments: cases, analytical and calculation tasks |
3. | Communication |
3.1 | ability and skills for oral and written professional communication in foreign language in the process of analysis, planning and control of costs, building an effective system of cost management of the enterprise | lectures, discussions, practical tasks | Presentation of self-study results (group works, individual tasks) |
4. | Responsibility and autonomy |
4.1 | ability and skills to apply knowledge in practical situations related to the analysis, planning and control of costs, building an effective cost management system of the enterprise | practical tasks – cases, situations | Results of self-study in performing practical tasks |
Content of the discipline by topics
Module 1
Topic 1. The nature of costs and cost management
Topic 2. Cost formation factors and regularities
Topic 3. Cost management system
Topic 4. Formation of costs for responsibility centers and enterprise
Topic 5. Cost of production
Topic 6. Activity-Based Costing (costing by the types of activities)
Module 2
Topic 7. Accounting in cost management
Topic 8. Costs control і stimulation of saving resources
Topic 9. CVP analysis (Cost-Volume-Profit) in the process of making management decisions
Topic 10. Methods of target formation (Target costing), structural analysis and cost reduction
Topic 11. Adaptation of the operating system to changes under the cost criterion
Topic 12. Minimization of costs for creation and storage of stocks
Scientific and pedagogical personnel who provide teaching:
Kubareva Iryna Volodimirivna, PhD in Economics, associate professor, Department of Business Economics and Entrepreneurship, kubareva.iryna@kneu.edu.ua
Recommended information sources
Cost and Management Accounting. 6th edition. Colin Drury. Thomson. 2006. 109 p. Available Link
A textbook of financial cost and management accounting.Dr. P. PERIASAMY JIimalaya Publishing House? 2010. Available Link
The importance of cost management in a manufacturing company of hydroelectric plants - a case study. Brazilian Journal of Operations & Production Management. Volume 13, # 1, 2016, pp. 94-99. DOI: 10.14488/BJOPM.2016.v13.n1.a11 https://pdfs.semanticscholar.org/bc85/f366810845394aae31f473b1360363e580cd.pdf
Management Accounting: Concepts, Techniques & Controversial Issues. Provided by James R. Martin, Ph.D., CMA Professor Emeritus, University of South Florida
Robin Cooper and Regine Slagmulder, “Operational Improvement and Strategic Costing,”Management Accounting (September 1998), pp. 12–13. Copyright 1998 by Institute of Management Accountants.
EXECUTIVE PROGRAMME, COST AND COST AND MANAGEMENT, ACCOUNTING, MODULE 1 p.189
Cost Management: Accounting and Control, Fifth Edition, Don R. Hansen and Maryanne M. Mowen, p.548
Syllabus discipline
Остання редакція: 04.02.25