《Cost Management》Syllabus

Course Number:           21100220810

Course Name:               Cost Management

Instructors:                    Tao Xiaoyan

Required Text:            Zhang Min, Li Laifang and Yu Fusheng. Cost Accounting (the 9th edition) [M]. Beijing: China Renmin University Press, 2021.

Course Description:      This course is one of the required courses in the Financial Management Major. This course focuses on learning basic theories and basic skills of cost accounting of industrial enterprises. Through learning this course, the students can use different methods to develop cost calculation according to the actual situations of the enterprises, provide accurate cost and expense data, prepare cost statements and conduct a comprehensive cost analysis. The purpose is to provide useful information for enterprises to continuously reduce product costs and improve economic benefits

                                                                                                   Credit/Teaching Hours

Outline of UG CPC Topics Covered in this Course:  (3.0 Credits/48 Teaching Hours)

I. Overview of Cost Management                                 2Teaching Hours

-The Concept of Expenditure, Cost and Expense

-Classification of Expenditure, Cost and Expense

-The Scope and Standard of Cost and Expenditure

II.Cost Accounting System                                    2Teaching Hours

-Cost Accounting Object

-Cost Accounting Requirement

-Cost Accounting Procedure and Account System

III.Accounting of Factor Expenses                               4Teaching Hours

-Collection and Classification of Factor Expenses

-Collection and Allocation of Current Factor Expenses

-Handling of Inter-temporal Expenses

IV.Accounting of Comprehensive Expenses                       8Teaching Hours

-Collection and Allocation of Ancillary Expenses

-Collection and Allocation of Manufacturing Expenses

-Calculation of Production Losses

-Calculation of Period Losses

V. Cost Calculation of the Finished Products                       8Teaching Hours

-Unfinished Products and Finished Products

-Quantity Accounting and Management of Unfinished Products

-Cost Calculation and Carry-forward of Finished Products

VI.Cost Calculation Methods                                    8Teaching Hours

-Varietal Method

-Job Lot Method

-Step by Step Carry-forward Method

VII.Cost Management Objectives                                 2Teaching Hours

-Overview of Cost Management Objectives

-Expense Budgeting and Product Cost Planning

Ⅷ.Cost Control                                             2Teaching Hours

-Overview of Cost Control

-Target Cost Control

-Responsibility Cost Control

Ⅸ.Cost Statements and Cost Analysis                            2Teaching Hours

-Functions and Types of Cost Statements

-Preparation of Cost Statements

-Cost Analysis

Ⅹ.Cost Management Frontier                                   2Teaching Hours

-Quality Cost Management

-Environmental Cost Management

-Logistics Cost Management

Ⅺ.In-Class Training                                          8Teaching Hours

               Total (Teaching Hours)                                                                  48  

Summary of UG CPC Topics Covered in this Course:                   (48 Teaching Hours)