Mail: ef@unze.ba / Phone: (+387 32) 460 467, 460 444

Cost accounting

Study: First cycle

Year: Third year

Semester: Sixth semester

Professor: Assoc. Ph.D. sc. Ajla Muratović-Dedić

Section:      Finance and Accounting

ECTS:          6

Exam results

Course content

  1. The role of the accountant in the organization
  2. IAS 2
  3. Cost-Total Revenue-Profit Analysis
  4. Calculation of costs according to the order
  5. Activity-based billing
  6. Inventory costs and capacity analysis
  7. Cost behavior – determination of variances
  8. Pricing decisions and cost management
  9. Allocation of costs
  10. Schedule of costs on joint products
  11. Process costing
  12. Scrap, rework and waste

Objective of the course

  1. To enable students to understand the accounting treatment of costs.
  2. Provide students with practical knowledge in implementing the conversion of cost systems.

Teaching methods

  1. Overview of theoretical foundations
  2. Presentation of practical examples
  3. Creation of case studies
 

Knowledge testing methods

  • Written test 2 x 50% participation in the final assessment:
    Test I – 2 questions, 1 case study from the lecture, 3 assignments
    Test II – 1 question, 3 case studies from the lecture, 3 assignments
  • Participation in solving case studies max 10% in lectures and 5% in exercises.
  • Collected % per activity can be used for participation in the final assessment in case the students pass the test (min. 60%).   

Competences

  1. Ability to manage costs
  2. A process-oriented approach to the analysis of business events
 

Literature

  1. Horngren, Ch., Foster, G. and Datar, SM, 2002. Fundamentals of Cost Accounting; Management aspect
  2. Polimeni R., Handy, S. and Cashin, J., 1999. Cost Accounting
  3. International Financial Reporting Standards (IFAC 2010), IAS 2
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