Cost Accounting

Code: GES13005L

6 ECTS

Duration: 15 weeks/156 hours

Scientific Area: Management

Teaching languages: Portuguese

Languages of tutoring support: Portuguese, English

Regime de Frequência: Presencial

Sustainable Development Goals

Educação de qualidade - Assegurar a educação inclusiva, e equitativa e de qualidade, e promover oportunidades de aprendizagem ao longo da vida para todos.

Learning Goals

Cost knowledge and control is a key factor in the modern management of organizations, including industrial companies. Cost Accounting is a branch of organizational knowledge focused on identifying, measuring, managing and controlling costs, providing relevant information to management process. The Cost Accounting unit provides students with the understanding and application of concepts, methods and systems with a focus on industrial companies.
Competences:
* Be aware of the importance of costs and cost management in companies;
* Understand Cost Accounting objectives, scope and conceptual framework;
* Understand the diversity of costs, combining its nature and function
* To know Cost Accounting methods and its application in the production and systematization of information for management.

1. Introduction
2. Fundamentals of accounting and financial information
3. Cost Volume Profit relationships
4. Manufacturing costing
5. Cost assignment and cost accumulation methods
6. Joint production costing
7. Costing systems
8. Cost centers
9. Activity-Based Costing
10. Standard costing

Teaching Methods

Cost Accounting unit is a theoretic and applied course aiming at the acquisition and the understanding of the concepts needed for a wide-ranging application. Practical applications to real world - or very close scenarios will be used to an entirely understanding of theoretical concepts. A link with scientific research and the systematic use of computer tools, including Excel spreadsheet, will be considered. The continuous evaluation process includes two group works performed outside the classroom - seeking the reinforcement of relational skills and an individual theoretical and applied test assessing the entire unit content. The weights are as follows: 1st test (group work) - 25%; 2nd test (group work) - 25%; 3rd test (individual test) - 50%. Examination evaluation comprises an individual theoretical and applied test assessing the entire unit content.

Assessment

Continuous assessment: two group assessment tests and an individual assessment test on the entire syllabus with weights of, respectively, 25%, 25% and 50% for the final classification. All tests are carried out during the academic period. Requirements to remain in continuous assessment: minimum grade of 8 in all assessment tests and attendance at a minimum of 75% of the classes scheduled for the semester.

Assessment by exam: an individual assessment test covering the entire syllabus and with a weighting of 100% for the final classification. Assessment in the regular exam requires attendance at a minimum of 75% of the classes scheduled for the semester.