2023
Cost Accounting
Name: 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
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.
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.
Contents
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
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.
Assessment
Continuous assessment: two group tests and an individual 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.
Assessment by exam: an individual test covering the entire syllabus, with a weighting of 100% for the final classification.
Assessment by exam: an individual test covering the entire syllabus, with a weighting of 100% for the final classification.
Teaching Staff
- Jorge Luís Pedreira Murteira Marques Casas Novas [responsible]
