The course deals with the methods and procedures for management expenses and utilization of cost functions in the pricing decision making, with methods and calculation procedures and their application in decision-making roles of cost management in a manufacturing company, with the transition of cost accounting to management accounting and cost management, with the responsibility accounting, with the cost accounting in relation to processes and activities. It also defines the modern tools of management costs TC, LCC, followed by calculation of costs of individual activities (ABC) and the related method of management processes and activities (ABM). The course primarily provides information for management and decision-making. After completing the course, students will be able to define their requirements for various decision-making tasks, this information categorize, evaluate and present to managers.