Cost Accounting

Duration

30h Th

Number of credits

Lecturer

Anne Chanteux

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

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) - Analysis of direct costing and full costing - 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

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

• 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.

Mode of delivery (face-to-face ; distance-learning)

Face-to-face

Recommended or required readings

Course book :
CHANTEUX Anne et NIESSEN Wilfried, les tableaux de bord et business plan, Editions des Chambres de Commerce et d'Industrie de Wallonie, 2005, 367 pages
Slides PPT & exercises :
--> available on the virtual campus Lol@

Additional bibliography (--> library) : - BESCOS P.-L. and MENDOZA C., "Le management de la performance, le premier bilan des applications en France des méhodes ABC et target costing", 1997, Ed. Molesherbes, Paris, 288 pages. - BOUQUIN Henri, "Comptabilité de gestion", 9th edition, 2010, Ed. Sirey, Paris. - DEHERRIPON Philippe, "Gestion par activités", 1999, Ed. d'Organisation, Paris, 168 pages. - GOUJET C. and RAULET C., "Comptabilité analytique et Contrôle de gestion", (tome 1 + corrigés), 7e édition, Dunod, 2007, 344 pages. - HORNGREN C. and FOSTER G., "Cost Accounting - A Managerial emphasis", Prentice Hall International, New Jersey, 2011, 14th edition. - LORINO P., "Le contrôle de gestion stratégique, la gestion par les activités", 1991, Paris, 213 pages.
- RAVIGNON Laurent, BESCOS P-L & al, "La méthode ABC-ABM", Eyrolles, Paris, 3ème édition, 2007, 386 pages. - SAVALL Henri et ZARDET Véronique, "Maitrirser les coûts et les performances cachés", Gestion, Paris, 2010
- Reviews : Harvard Business Review, Revue Française de Comptabilité, Revue Française de Gestion.

Assessment methods and criteria

1st session : Individual written exam (theory + exercises)
2nd session : Individual written exam (theory + exercises)

Work placement(s)

Organizational remarks

Documents such as slides, exercises, case studies, videos; etc qill be available on Lol@ ; so students should consult it regularly.  Furthermore e-mails will be sent to students on their official ULiege e-mail address.
Within maximum 4 weeks following exman results publishing the students can come to consult their exam ; therefore they have to contact the teacher by e-mail (during the week after publlishing) to organize an appointment to consult their exam.

Contacts

CHANTEUX Anne Assistant Professor Department Finance, Accounting and Law HEC-Ecole de gestion de l'ULiège Rue Louvrex, 14 4000 Liège Bât. N1Tél: +32 4 2327261 Email: Anne.Chanteux@uliege.be
Room 304