Extent: 3 cr (81 h)
Timing: Semester 4
Level: Joint Professional Studies
Module: Competing in Global Markets
Intregrated: International Market Research and Statistical Methods
The student has successfully completed the courses BUS1LF001 and BUS1LF002.
Upon successful completion of the course, the student
- knows the principles and possibilities of cost accounting procedures
- understands the principles of product costing, pricing and profitability
- understands the principles and possibilities of cost-volume-profit analysis
- knows the principles of budgeting process and operational budgets
- the student has enhanced his/her skills in the area of HH3S competences.
- Basic cost concepts: fixed costs vs. variable costs, direct costs vs. indirect costs
- Accounting for direct costs and indirect costs
- Absorption costing
- Full costing & marginal costing
- Activity based costing
- Job costing and pricing
- Cost-volume profit analysis
- Budgeting process
Cooperation with the business community
Real business based examples and cases.
The international accounting exercises.
Teaching and learning methods
- Lectures and exercises
- Independent self-study
- Mini cases
Contact hours 32 h
Independent studies 39 h
The assessment of one’s own learning 1 h
Accreditation of prior learning
Accreditation of prior learning (APL) is observed on the course according to separate instructions.
Teacher with the main responsibility for the course
Braun, K. & Tiez, W. & Harrison, W. 2010 or 2013. Managerial Accounting. Pearson Education.
|1 (min 40% of
|3 (min 70% of competence level)
||5 (min. 90% of
||The student knows basic accounting principles and cost concepts. He/she identifies Cost-Volume-Profit (CVP) relationships and knows elements in budgeting.
||The student understands accounting tools in order to control profitability. He/she understands the budgeting process.
||The student fully understands the basic accounting theory and is able to apply accounting tools for controlling profitability. He/she understands the budgeting process and is able to prepare operational budgets.
||The student knows how to interpret a certain accounting method in the given business situation.
||The student is mostly able to choose and use the right accounting method in different business situations.
||The student is fully capable to cope with accounting problems in different decision making situations.
||The student is able to complete tasks only with the help of a supervisor. The student shows service and sales orientation.
||The student is mostly able to complete the tasks according to the agreed work plan. The student shows a good sales and service orientation.
||The student communicates professionally in accounting terms. He/she completes independently the tasks according to the agreed work plan. The student shows an excellent service and sales orientation.
Assessment components and their respective weights
Individually done assignments 30%
The assessment of one's own learning does not influence the course grade. The assignment is the same for all courses/modules and the answers will also be used for course/module development. The assignment is completed on an E-form.