Cost Control to Improve Profit

EMLV S5 Jill Tynan Wantz 2009/2010
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Cost Control to Improve Profit • Presentation of the course
An intermediate course about the best use of resources in the firm. The focus is on how cost accounting and control helps managers make better decisions to increase performance and profits. Figures that you will be working with nomatter what business your in.
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Cost Control to Improve Profit
• Objectives
Understand costs, how they evolve and their impact on the economic performance. Show how cost control enables managers to make knowledgeable decisions and judgments in their pursuit of maximum profit. Be able to produce reliable figures and information that will contribute to decision making.
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Cost Control to Improve Profit
• Method: Instruction on the various themes will be followed by review questions and problems in class. Exercices may be given to do for the following class as well as a chapter or document to be read.
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Cost Control to Improve Profit
• BIBLIOGRAPHY :
Cost Accounting, A managerial emphasis.
C. Horngren, S. Datar, G. Foster, M. Rajan, C. Ittner. 13th edition, Pearson International Edition

Management and Cost accounting, Colin Drury,
Editions Thomson

Introduction to Management Accounting
Werner, K.H. Jones, Publisher: Prentice Hall

M.L.

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Cost Control to Improve Profit
• Assessements Mid-term test : 40 % (30 Nov. 2009) there will not be a second chance to repeat the mid-term test ! mid-

Final examination : 60 % (written examination)
Type of questions:
» theory and » calculations
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Cost Control to Improve Profit
• Contents
Introduction Cost terms and purposes Cost-volume-profit Analysis Break-even point Job costing / process costing Absorption costing Mid-term test - 30 nov 2009 Pricing decisions Cost management Inventory management Decision making and relevant information
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Cost Control to