Costs Accunting 2600-DSFRz3rogRK
1. The essence, scope and tasks of cost accounting. Cost accounting as a subsystem of financial and management accounting. Cost concept.
2. Classification of costs for reporting, decision and control purposes.
3. Principles of product valuation in the light of the UoR and IAS2. Production capacity and analysis of the effect of changing activity levels on unit costs of product.
4. Principles of cost allocation to defined cost objects in various cost accounting solutions.
5. Methods of allocation and absorption costs of supporting activities.
6. Influence of the production organization on the choice of the method of calculating the production cost. Division calculation methods: simple, factorial and negative.
7. Method of additional assortment and order calculation.
8. The method of phase (process) calculation
9. Calculation of the unit production cost of: finished product, closing work in progress, opening work in progress, equivalent units. Normal losses and abnormal losses.
10. Various variants of the calculation of the cost of manufacturing products, taking into account the unused production capacity. Accounting for budget deviations. Normal cost account.
11. Presentation and disclosure in the financial statements of information on the costs of manufacturing products and the cost of unused production capacity
12. Standard cost accounting. The concept and types of cost standards, deviation analysis. Planning and cost control.
13. Resource and process cost accounting, a variant of activity-based costing - referring costs to resources, activities and products.
14. Case study - calculation of the cost of production in a production unit in accordance with the principles of resource and process accounting
15. Preparation of a project to implement cost accounting in a production or service unit for simulation data.
Type of course
Mode
Learning outcomes
Student after completing the course:
In terms of knowledge:
S1_W01 - Knows and understands at an advanced level the terminology related to accounting in business organizations, in particular for financial management and cost accounting
S1_W02_ Knows and understands in-depth the principles, procedures and practices regarding cost accounting in various types of organizations and uses cost accounting theory to recognize, diagnose and solve problems
S1_W03_Knows and understands at an advanced level economic theories and models regarding the functioning of organizations and the entire economy.
S1_W05 Knows and understands to an advanced degree technological, social, political, legal, economic and ecological processes and phenomena and their impact on financial decisions in organizations, in particular regarding cost management.
In terms of skills:
S1_U01 Is able to use the theory of the discipline of economics and finance to recognize, diagnose and solve problems related to financial decisions and cost management in the organization, using the appropriate selection of sources and adapting existing methods.
S1_U02 Is able to correctly interpret technological, social, political, legal, economic and ecological processes and phenomena and their impact on financial decisions in organizations, the functioning of the organization and the entire economy, using the appropriate selection of sources.
S1_U03 Is able to independently and collectively prepare analyses, diagnoses and reports regarding cost accounting in organizations, accounting and present them communicatively, also in English - using IT and communication tools.
S1_U04 Is able to use a foreign language at level B2 of the Common European Framework of Reference for Languages.
S1_U05 Is able to plan and organize own and team work.
In terms of attitudes:
S1_K01 Is ready to assess and critically approach situations and phenomena related to financial and cost management in organizations and accounting.
S2_K02 Is ready to think and act in an entrepreneurial way.
Assessment criteria
Learning outcomes are verified on an ongoing basis through tasks performed by participants during classes, project implementation and during the assessment at the end of the semester:
Assessment: current participation in classes (quizzes, discussion) – 30%, final test (closed and open questions) – 30%,
project implementation - preparation of a cost calculation report in an enterprise conducting production or service activities based on simulation data - 40%.
Sufficient grade from 50%.
Bibliography
Basic bibliograhy:
G.Świderska red, (2010), Controlling kosztów i rachunkowość zarządcza, Difin (dostęp: sde.wz.uw.edu.pl)
Supplementary bibliography:
J.Rutkowska (2022), Rachunek kosztów i rachunkowość zarządcza, Wydawnictwa Uniwersytetu Warszawskiego, Sekacja Wydawnicza WZUW, Warszawa
G.Świderska, (2019), Koszt wytworzenia jako podstawa wyceny produktów, Stowarzyszenie Księgowych w Polsce, Warszawa,
D.Maciejowska, Koszty i ich rachunek, Wydawnictwo Naukowe WZ UW, Warszawa, wyd.V, 2018.
C.Drury (2021), Management and cost accounting,, Andover : Cengage Learning EMEA
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: