Cost Accounting & Management Accounting

Bachelor

Part Cost Accounting:
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• know the areas of responsibility and solution approaches of cost and revenue accounting, including its subsystems (cost type, cost center, and cost unit accounting).
• know essential business performance indicators and the corresponding calculation variables.
• can understand, differentiate, and reconcile the terms cash inflows – cash outflows, income – expenses, revenue – expenditure, and output – costs (reconciliation bridge).
• know the differentiation and calculation of the most important cost types.
• can discuss and present the tasks and components of cost center accounting.
• can prepare and interpret a (simple) operating cost statement.
• know the tasks and types of cost unit accounting.
• can apply various calculation methods.
• can calculate simple projects and personnel hourly rates.
• can distinguish full costing from variable (direct) costing.
• understand the principle of contribution margin accounting and can apply single- and multi-level contribution margin analysis.
Part Management Accounting:
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• understand management accounting as a management concept and can explain the management process as well as the tasks of managers and controllers.
• can explain the central corporate objectives and the area of tension between financial and non-financial goals.
• know the requirements for goal setting and can formulate goals independently.
• can explain the basics of strategic and operational management accounting and distinguish between the two.
• can explain and apply the informational value and interrelationships of the individual components of integrated planning and budgeting.
• understand the budgeting process and can create simple budgets themselves.
• know basic operational management accounting instruments and can apply them.
• know the fundamentals of corporate management using key figures and key performance indicator systems.
• can calculate and interpret selected key figures.
• can explain and apply the Balanced Scorecard.
• understand the principle of management reporting and can interpret reports.

None

Part A: Spreadsheet basics
• Workbooks and spreadsheets
• Cells and cell ranges
• Variables and data types
• Basic commands (sums, statistical functions, if-then function, S and W reference, etc.)
• Basic applications (creating tables and charts, importing and exporting data, pivot tables, etc.)

Part B: Fundamentals of Cost and Revenue Accounting
• Tasks, components, sub-areas, and systematization of accounting
• Contribution of (internal) accounting to corporate management
• Basic concepts of cost and revenue accounting
• Cost accounting systems

Part C: Cost Type Accounting
• Tasks and principles; criteria for classifying cost types
• Recording the most important cost types: materials, personnel, taxes, etc.
• Importance of imputed costs; converting expenses into costs using the cost reconciliation statement (BÜB)

Part D: Cost Center Accounting
• Tasks and principles
• Criteria for classifying cost centers (main and auxiliary cost centers)
• Operating cost allocation sheet (BAB)
• Allocation of overhead costs to cost centers
• Internal cost allocation
• Calculation of manufacturing costs and total costs
• Determination of overhead rates

Part E: Cost Unit Accounting and Calculation
• Tasks and content
• Calculation stages and methods

Part F: Contribution Margin Accounting
• Full costing versus variable costing
• Fundamentals of contribution margin accounting
• Single- and multi-level contribution margin analysis
• Important forms of variable costing
• Determination of the break-even point and margin of safety

Part G: Management concept controlling
• Companies and their goals
• Controlling as the basis for successful business management
• Strategic and operational controlling
• Integrated budgeting system

Part H: Efficient corporate planning and budgeting
• Corporate planning as a core element of controlling
• Strategic planning
• Operational annual planning & budgeting
• Medium-term planning as a link between strategy and budget
• Modern planning concepts

Part I: Performance measurement and management reporting
• Corporate control with key figures and key figure systems
• The concept of the balanced scorecard
• Operational budget control and forecasting
• Management reporting
• Measures to improve financial performance

• Fairhurst, D. S. (2019). Using Excel for business and financial modelling: A practical guide. Hoboken: John Wiley & Sons Ltd.
• Friedl, G., Hofmann, C., & Pedell, B. (2022). Kostenrechnung: Eine entscheidungsorientierte Einführung. München: Verlag Franz Vahlen.
• Haberstock, L., & Haberstock, P. (2022). Kostenrechnung / Kostenrechnung I: Einführung – mit Fragen, Aufgaben, Fallstudien und Lösungen. Berlin: Erich Schmidt Verlag.
• Horvath, P, Gleich, R., & Seiter, M. (2020). Controlling. München: Verlag Franz Vahlen.
• Hubert, B. (2019). Grundlagen des operativen und strategischen Controllings: Konzeptionen, Instrumente und ihre Anwendung. Wiesbaden: Springer Verlag.
• Rees, M. (2023). The essentials of financial modeling in Excel: A concise guide to concepts and methods. Hoboken: John Wiley & Sons Ltd.
• Weber, J., & Schäffer, U. (2022). Einführung in das Controlling. Stuttgart: Schäffer-Poeschel Verlag.

Exam

German

4

The course is conducted in a blended-learning-format. A combination between online phases (inductive method for the independent acquisition of knowledge and the practice of tasks) and presence phases (deductive method, in which assistance is given in the learning process and knowledge is imparted via frontal lectures) is used.

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