(LO1 and LO2): Using the correct terminology, explain the key ideas of cost and management accounting and the primary functions of cost and management accounting and explain the different instruments in the context of application.
(LO3): Making decisions on the basis of the instruments learnt (materials recording procedure, accounting treatment of different types of costs, calculation of the economic order quantity, performing cost assignment for indirect costs, calculating the break-even-point in single and multi-product settings and decide for relevant costs and instruments depending on the respective decision-making situation)
(LO4): Be able to critically scrutinize the instruments learnt and to use alternative instruments in a justified manner depending on the respective decision-making situation

1. Introduction to cost and management accounting
2. Introduction to cost terms and concepts
3. Accounting for direct costs
4. Cost assignment for indirect costs
5. Process costing
6. Cost-volume profit analysis
7. Measuring relevant costs for decision making

Learning Outcomes

(LO1): Recall, define and recognise the basic concepts of cost and management accounting.
(LO2): Compare the different instruments learnt and explain different situations of application.
(LO3): Be able to carry out calculations and use the instruments learnt as appropriate to the business situation.
(LO4): Decide independently on the use of certain instruments based on case studies and thus providing appropriate information for management decision purposes.