Faculty of Economics and Social Sciences
Department of Banking and Finance

Code Name Level Year Semester
BAF 224 Cost Accounting Undergraduate 2 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Compulsory 5 2 + 1 124 English

Instructor Assistant Coordinator
Elvisa Buljubašić, Senior Teaching Assistant Elvisa Buljubasic Elvisa Buljubašić, Senior Teaching Assistant
[email protected] [email protected] no email

The course focuses on a global view of Cost Accounting. The course will take both a practical and theoretical approach. It provides key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focusing on basic concepts, analyses, uses, and procedures instead of procedures alone, we recognize cost accounting as a managerial tool.

This course is designed to describe the cost concepts, cost behaviors, and cost accounting techniques that are applied to manufacturing and service businesses. It applies cost concepts and cost behaviors in the decision-making process.

  1. An Introduction to Cost and Managerial Accounting
  2. Cost Concepts
  3. Job Order Costing
  4. Activity Based Costing
  5. Process Costing
  6. Allocation of Support Departments’ Costs
  7. Preparation for Midterm Exam
  8. Midterm Exam
  9. Flexible Budgets, Direct-Cost Variances, and Management Control
  10. Cost-Volume-Profit Relationships
  11. Cost-Volume-Profit Relationships
  12. Decision Making and Relevant Information
  13. Decision Making and Relevant Information
  14. Pricing Decisions and Cost Management
  15. Review for Final Exam


    • Interactive Lectures
    • Practical Sessions
    • Excersises
    • Problem solving
    • Assignments
    Description (%)
    Method Quantity Percentage (%)
    Midterm Exam(s)130
    Term Paper120
    Final Exam140
    Total: 100
    Learning outcomes
    • Identify and calculate different types of costs (direct, indirect, variable and fixed costs)
    • Determine the product cost by means of full-costing and direct-costing methods
    • Distinguish between job-costing and process-costing
    • Prepare and interpret a cost-volume-profit graph
    • Compute break-even point
    • Distinguish between variable and activity based costing
    • Cost Accounting, A Managerial Emphasis, 15/e, Charles T. Horngren, Srikant M. Datar & Madhav V. Rajan, 2012, Prentice Hall International.

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)15230
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)15115
    Midterm Examination (1 week)122
    Final Examination(1 week)122
    Preparation for Midterm Examination11515
    Preparation for Final Examination13030
    Assignment / Homework/ Project12020
    Seminar / Presentation11010
    Total Workload: 124
    ECTS Credit (Total workload/25): 5