Costing (ACCA) 2400-ZEWW944(ACCA)

A) Knowledge

Student
has advanced knowledge of cost accounting, allocation, calculation and analysis, as well as of defining costs influence on enterprise financial results,
- knows modern (ABC, target costing, lifecycle costing) and traditional concepts of cost accounting and differences between them,
- knows advantages and disadvantages of various concepts and systems of cost accounting,
- knows concept and limitations of CVP analysis for planning and decision making,
- knows the concept of relevant costs,
- knows the factors which may influence price for a product/service,
- knows what is price elasticity of demand,
- knows various pricing strategies,
- knows methods of transfer pricing and understands tax aspects of transfer pricing,
- knows how transfer prices can influence performance assessment of divisions and decisions made,
- knows advantages and disadvantages of using ROI and RI to assess the performance of divisions in enterprise.

B) Skills
Student - is able to differentiate the types of cost calculation,
- can calculate unit and total cost using proper method,
- can identify cost drivers under ABC method,
- is able to calculate break-even point and margin of safety,
- can calculate the contribution to sales ratio in single and multi-product situations,
- can calculate target profit or revenue in single and multi-product situations,
- can identify costs arising at stages of product lifecycle,
- can derive target and life-cycle cost for different types of activity,
- can settle costs of auxiliary activities,
- is able to identify and calculate relevant cost for specific decisions,
- is able to explain and apply the concept of opportunity cost,
- can derive demand equation and equation for the total cost function,
- can determine price and output level maximising profit using demand based approach to pricing (tabular and algebraic),
- can calculate a price using cost-plus methods and relevant cost,
- can apply suitable pricing strategy in a given situation,
- can calculate and compare costs relating to short term decisions in enterprise,
- is able to calculate transfer prices according to various methods,
- can calculate ROI and RI, - is able to compare performance of enterprise’s divisions and to identify difficulties related to this task,
- can use and critically analyse cost information.

C) Social expertise
Student
- understands the meaning of information on costs and revenues and their impact on human behaviour in enterprise,
- is ready to broaden his knowledge,
- is able to work and cooperate in team.

Following methods for evaluation are used: - final exam at the end of semester (70% of final grade), - activity during classes (10% of final grade), - two short tests during semester (20% of final grade).
In order to get credit student has to receive at least 50% of the final exam points and at the same time collect at least 50% of total sum of points.
Final grade is determined on the basis of the following scale:

Percentage of the total sum of points / grade
(0-50%) / 2
<50%-60%) / 3
<60%-70%) / 3.5
<70%-80%) / 4
<80%-90%) / 4.5
<90%-100%> / 5

During the exam students can only use a calculator (not a mobile phone).

Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system:

• Description of 2400-ZEWW944(ACCA) in USOSweb