Key words
Analytical Bookkeeping, Cost Accounting and Cost Policy, IWETO-code: S190 Corporate Policy and S192 Bookkeeping Sciences
Objectives
- Gain insight in the complex whole of calculating costs and cost prices
- Ability to analyse and interpret numerical data critically, carefully, objectively, accurately and with the necessary sense of reality in order to be able to adjust where necessary.
- Ability to use analytical accounts in order to make a recurrent analysis of the results possible.
- Analysis of the results in an analytical bookkeeping, referring to the various attitudes about calculation of cost price and taking the organizational structure of the company and the various structures of production into account.
- Insight in the bookkeeping as a supplier of information for the corporate policy (decision making) and the control (internal and external audit).
Topics
Section Analytical Bookkeeping- Discussion of general concepts
- Recurrent calculation of results
- Analytical bookkeeping of exploitation in undertakings of production
- Usage of various methods of calculation and their possible processing in the bookkeeping (full cost, ABC)
Section Calculation of costs- Ability and occupation
- Types of costs and behaviour of costs
- Full cost and standard cost price
- Activity Based Management
- Direct costing
- Determination of turnover and calculation of result
Prerequisites
Basic knowledge bookkeeping.
Final Objectives
Knowledge- Knowledge of analytical bookkeeping (see topics)
- Knowledge of calculation of costs (see topics)
Skills- Ability to handle bookkeeping information
- Run through the analytical bookkeeping and make a connection with the general bookkeeping
- Ability to calculate the financial consequences of various approaches
- Ability to formulate alternated scenarios
- Ability to establish conclusions quickly
- Keep up the financial administration: invoices, wages and other staff expenses, account of suppliers, …
- Calculation of wages and administration
- Create and control quotations of price
Attitudes- Precision and accuracy
- Result-oriented
- Being practical
- Add value to available information
- Being eager to work with figures
Materials used
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Handbook: 'Cost Accounting-deel Analytisch Exploitatieboekhouden' by M. Erlingen, publisher Den Arend.
Syllabus with practical documentation and case studies.
Use of texts/advice of a law by the Commission for Standards of Bookkeeping.
Individually look up topical information on websites.
Handbook by A. Waterbley: 'Kostenbeleid', MAKLU, Antwerp
Study costs
Handbooks at market price.
Syllabus copied at the unit price determined under Hogeschool rules.
Costs linked to the performing of assignments.
Study guidance
Guided elaboration of exercises in Excel and further in-depth exploration.
Teaching Methods
Lectures: supplemented with exercises
Assessment
First exam session:
Calculation of costs 40% of total mark, of which - 20% continuous assessment and 80% written exam
Analytical Bookkeeping: 60% of total mark, of which
Second exam session:
Calculation of costs 40% of total mark, of which
Analytical Bookkeeping: 60% of total mark, of which
Students only enrolled for taking the exams:
First and second exam session:
Calculation of costs 40% of total mark, of which
Analytical Bookkeeping: 60% of total mark, of which
Students who have not passed in the first exam session, but got a score of at least 10 on 20 for one of the parts, are not obliged to redo this part in the second exam session of the same year. They, however, have to take the exam on the parts where they had less than 10 on 20, if they do not do this they are listed as being absent for the whole course.
Lecturer(s)
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