|Status||Compulsory/Courses of Limited Choice|
|Level and type||Undergraduate Studies, Academic|
|Field of study||Business Management and Administration|
|Academic staff||Konstantins Didenko, Irina Voronova, Karina Marinska, Inga Eriņa|
|Credit points||3.0 (4.5 ECTS)|
Establishment of factors affecting costs and evaluation of each prime cost determinant. Classification of costs. Specifics of separate cost items accounting. Methods of calculating prime cost. Information for management decision making. Analysis of production costs. Break-even point analysis. ABC analysis. Method of standard costs analysis. Analysis of product prime cost. Method of direct costs analysis..
Goals and objectives
of the course in terms
of competences and skills
|Cost analysis is a study course which gives an understanding of entrepreneurial resource assessment and helps students grasp the relationship between economic indicators. The aim of the study course is to systematize and deepen the knowledge of business costs role and build skills to detect trends and relationships in the enterprise’s economy as well as distinguish the reserves for business efficiency improvement.|
Able to comprehend a business as a participant of economic systems and market. - Report.
Able to use a set of theoretical models, methods and systems in business practice. - Report.
Able to systematize, collect and summarize the information of resource utilization implications, to use it in preparing and implementing independent decisions and in meeting the market objectives. - Report.
Able to apply the acquired knowledge and skills to develop cost control systems. - Report. Final tests - test.
|Course prerequisites||The study course is based on the knowledge acquired during the first and second study years in subjects such as business economics that serve as the basis for further studies.|