About this course
The following topics will be covered in the course:
- Financial Accounting topics:Double entry bookkeepingBalance sheet and Income statementAccounting conventions.
- Management Accounting topics:Cost terms, concepts, classifications, and estimationCost behaviour and Cost-volume-profit analysisActivity-Based Costing and Activity-Based ManagementJob and order costing, influence of costing system on profitJoint products and process costingService department costingDecision making (short term, relevant costs)Decision making (long term, cost-cash relation)Profit planning and budgetingSegment reporting, decentralization, transfer pricing
Learning outcomes
- Explain the relevant concepts related to financial accounting and cost management;
- Report the financial position formally;
- Implement various costing systems to obtain useful financial and cost-related information;
- Differentiate the profit/cost results when different methods are applied;
- Analyze the profit/cost information in business processes;
- Evaluate the costs and benefits based on appropriate analysis and use them to make short-term and long-term decisions.
Prior knowledge
You must meet the following requirements
- Registered for a degree programme other than
- HBO-TOP Applied Physics, Pre-Master
Resources
- "Cost management - strategies for business decisions", Wouters, Selto, Hilton, and Maher, International Edition, McGraw-Hill
- Financial accounting for decision makers", Atrill and Mc.Laney, Prentice Hall, 10th edition
- Extra obligatory literature and practice material and/or reader
Additional information
- More infoCoursepage on website of Eindhoven University of Technology
- Contact a coordinator
- CreditsECTS 5
- Levelbachelor
If anything remains unclear, please check the FAQ of TU Eindhoven.
Offering(s)
Start date
3 February 2025
- Ends6 April 2025
- Term *Block 3
- LocationEindhoven
- Instruction languageEnglish
Enrolment starts in 68 days
For guests registration, this course is handled by TU Eindhoven