Duration
30h Th
Number of credits
Lecturer
Language(s) of instruction
French language
Organisation and examination
Teaching in the second semester
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
- The company and its environment
- Relation between financial accounting & cost accounting
- Cost classification (variable/fixed, direct/indirect, full or not)
- Calculating full costs : traditional approaches & activity based costing
- Analysis of the pattern of a cost accounting network
- Break-even point
- Analysis of relevant costs for making decisions
- From cost accounting to management control
Learning outcomes of the learning unit
At the end of this course, students should be able to :
- explain aims of cost accounting
- define and classify costs in actual, standard, direct, indirect, fixed and variable costs
- calculate break-even-point and security margin
- describe the various cost calculation methods
- calculate costs with several methods and compare results
- understand that cost calculation methods should have been chosen and applied according to specific criteria
- analyse costs and margin and make decisions on that basis
- explain budgeting process
- calculate standard costs to prepare budgets
- calculate and analyse variances
- To strengthen knowledge and understanding of main management disciplines and its legal, policy and social context
- To understand, in management situations, the transversal tools of quantitative reasoning and information systems
- To build and propose viable solutions to management problems
- To develop a critical sense
- To develop a transversal and global vision
- Be able of a good written communication
Prerequisite knowledge and skills
Financial accounting
Planned learning activities and teaching methods
Theoretical concepts, tools and methods are constantly illustrated by concrete examples.
Moreover exercises based on actual cases are proposed to students during specific classes.
Additional exercise sessions are also organized to assist students in their learning.
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face
Recommended or required readings
...
Exam(s) in session
Any session
- In-person
written exam ( multiple-choice questionnaire, open-ended questions )
Additional information:
1st session : Individual written exam
2nd session : Individual written exam
Work placement(s)
Organisational remarks and main changes to the course
Contacts
CAPODICI Giuseppina
UER Finance, Comptabilité et Droit
HEC-Ecole de gestion de l'ULg
Rue Louvrex, 14
4000 Liège Bât. N1
Room 207
Tél: +32 4 232 72 63
Email: giuseppina.capodici@uliege.be