Artesis Plantijn Hogeschool Antwerpen
Management en Communicatie
campus Meistraat
Meistraat 5 - 2000 Antwerpen
T +32 3 220 55 20 - F +32 3 220 55 59
ICBM: Cost Accounting35464/2165/2122/1/21
Study guide

ICBM: Cost Accounting

Academic year 2021-22
Is found in:
  • International programmes Management and Communication
This is a single course unit.
Study load: 4 credits
Teaching staff: Hooft Charlotte, Joostens Johan
Languages: English
Scheduled for: Semester 2
This course unit is marked out of 20 (rounded to an integer).
Possible deadlines for learning account: 15.10.2021 ()
Re-sit exam: is possible.
Compensated fail: This course unit is eligible for compensation according to the compensated fail criteria as determined by the degree programme you are enrolled in.
Total study time: 74,00 hours


This information is subject to possible future changes in the Corona-measures.

Short description

In the course 'Cost Accounting' emphasis is placed on identifying and calculating costs of products and services. Various cost types will be studied as well as different calculation methods. The cost elements, necessary for these calculations, will be obtained through analysis of the accounting data provided.


There are no prerequisites for this course.

Learning outcomes (list)

OLR AF 1.0 - The bachelor BM/AF has insights in fiscal, parafiscal, legal and accountancy rules and processes, in general corporate organisational processes as well as in their interconnection, and can consequently apply these insights in a broad, globalised and changing (inter)national context.
You identify the various cost types and cost concepts.
You will apply various techniques of costing (full costing, direct costing, activity based costing).
You represent the different (sub)processes of a company.
You derive from the inventory valuation of raw materials and consumables, finished goods, and work in progress at various types of manufacturing companies the impact on earnings.
You dissect from a case the cost types, cost centers and cost carriers.
You will prepare a cost allocation statement.
You will derive the necessary information from general accounting for cost accounting and off-balance sheet profit determination.
You perform a break-even analysis.
You make pricing, product, and make-or-buy decisions based on various methods and taking into account bottlenecks.
OLR AF 7.2 - The bachelor BM/AF can communicate professionally, in spoken and written English, using the appropriate vocabulary in a professional context.
You understand job-specific longer texts.
You express yourself correctly in most formal situations and use appropriate business terminology.

Course content

  • An Introduction to Cost Terms and Purposes
  • Cost—Volume—Profit Analysis 
  • Job Costing 
  • Activity-Based Costing and Activity-Based Management 
  • Flexible Budgets, Direct-Cost and Overhead Cost Variances, and Management Control 
  • Inventory Costing and Capacity Analysis 
  • Decision Making and Relevant Information
  • Pricing Decisions and Cost Management 
  • Allocation of Support-Department Costs, Common Costs, and Revenues 
  • Process Costing 
  • Spoilage, Rework, and Scrap (possibly)
  • Exercises

Educational organisation (list)

Learning Activities
Lectures and / or tutorials24,00 hours
Work time outside of contact hours50,00 hours

Evaluation (list)

Evaluation(s) for first exam chance
Semester 2Skills assessment hands off100,00Open and/or closed questions
Closed book
Evaluation(s) for re-sit exam
2nd examination periodSkills assessment hands off100,00Open and/or closed questions
Closed book