Силабус

Ternopil Ivan Puluj National Technical University

Каф. управління інноваційною діяльністю та сферою послуг

Cost Management

syllabus

1. Educational programs for which discipline is mandatory:

# Educational stage Broad field Major Educational program Course(s) Semester(s)
1 bachelor's 7. Управління та адміністрування 073. Менеджмент (бакалавр) 3 5

2. The course is offered as elective for all levels of higher education and all educational programs.

3. Information about the author of the course

Full name Melnyk Liliya
Academic degree Sc.D.
Academic title Assoc. Prof.
Link to the teacher`s page on the official website of the University http://library.tntu.edu.ua/personaliji/a/m/melnyk-lilija-mykolajivna/
Е-mail (in the domain tntu.edu.ua) melnyk_lilia@tntu.edu.ua

4. Information about the course

Study hours structure Lectures: 32
Practical classes: 32
Laboratory classes: 0

Amount of hours for individual work: 86
ECTS credits: 5
Teaching language english
Form of final examination credit
Link to an electronic course on the e-learning platform of the university https://dl.tntu.edu.ua/bounce.php?course=2071

5. Program of discipline

Description of academic discipline, its goals, subject of study and learning outcomes

The role of the subject "Cost management" is to help students, as a future representatives of management of the organization, attain and maintain success through strategy implementation. It is an indispensable discipline for corporate management, as the information collected and presented to management based on cost and management accounting techniques helps management to solve not only specific problems but also guides them in decision making

The place of academic discipline in the structural and logical scheme of study according to the educational program

Prerequisites. List of disciplines, or knowledge and skills, possession of which students needed (training requirements) for successful discipline assimilation

"Fundamentals of Management", "Economics of enerprise"

Contents of the academic discipline

Lectures (titles/topics)

Theme 1. Introduction to cost management
Theme 2. Total cost of a product
Theme 3. Materials control – concept and techniques
Theme 4. Procurement procedures
Theme 5. Accounting of material losses
Theme 6. Labour cost
Theme 7. Labour remuneration system
Theme 8. Direct expenses and overheads
Theme 9. Unit and output costing
Theme 10. Job costing system
Theme 11. Process costing system
Theme 12. Marginal costing and break-even analysis
Theme 13. Budget and budgetary control
Theme 14. Analysis and interpretation of financial statements

Practical classes (topics)

Theme 1. Introduction to cost management
Theme 2. Total cost of a product
Theme 3. Materials control – concept and techniques
Theme 4. Procurement procedures
Theme 5. Accounting of material losses
Theme 6. Labour cost
Theme 7. Labour remuneration system
Theme 8. Direct expenses and overheads
Theme 9. Unit and output costing
Theme 10. Job costing system
Theme 11. Process costing system
Theme 12. Marginal costing and break-even analysis
Theme 13. Budget and budgetary control
Theme 14. Analysis and interpretation of financial statements

Learning materials and resources

1. Edward J. Blocher, David E. Stout, Gary Cokins (2010). Cost management : a strategic emphasis. McGraw-Hill/Irwin. 5th ed. 996p.
2. Colin Drury (2017). Management and Cost Accounting. Cengage Learning EMEA. 866 p.
3. Cost management: accounting and control. Delta publishing company, 2009. 310 p.
4. M.N. Arora (2012). A Textbook of Cost and Management Accounting, 10th Edition. Vikas Publishing House, 2012.
5. Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan (2011). Cost Accounting: A Managerial Emphasis. Pearson College Div; 14th edition. 869 p.
Approved by the department
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