Cost Management Course code: 171107 | 6 ECTS credits

Basic information

Level of Studies: Undergraduate applied studies

Year of Study: 2

Semester: 4

Requirements: None.

Goal: The goal is for students to master the process of cost management and to learn the process of making managerial decisions on costs and prices.

Outcome: Students are trained to master the process of cost management and the process of making managerial decisions on costs and prices.

Contents of the course

Theoretical instruction:

Cost sharing.
Fixed and variable costs.
Actual, planned and standard costs.
Cost planning.
Standardization of direct and indirect costs.
Total and average costs.
Managerial decision-making based on marginal costs.
First colloquium.
Cost analysis and managerial pricing decisions.
Determination of selling prices in conditions of different market conditions
Characteristics of long-term cost curves and long-term cost management.
Cost estimate and business results analysis using a breakthrough analysis. Algebraic and diagrammatic determination of the turning point.
Cost control.
Costs of inventory.
Information support for cost management.
Drugi kolokvijum.

Practical instruction (Problem solving sessions/Lab work/Practical training):

Textbooks and References

Bojan Ilić, Vesna Milićević, Menadžment troškova, FON, Beograd, 2009.
Leslie G. Eldenburg, Susan K. Wolcott, Cost Management: John Wiley & Sons, Incorporated, 2010. (e-book).

Number of active classes (weekly)

Lectures: 3

Practical classes: 2

Other types of classes: 0

Grading (maximum number of points: 100)

Pre-exam obligations

Points

activities during lectures

activities on practial excersises

seminary work

colloquium

Final exam