Course

Cost Accounting

Technische Universität München (TUM)

Cost Accounting Specialization offers essential knowledge for corporate decision-making. Learn to allocate costs, calculate profits, and improve managerial decisions. The course covers product costing, profit and loss calculation, and decision-making through cost analysis.

  • Gain transparency in cost structure and methods of product costing.
  • Understand different methods of preparing an income statement and choosing the best-suited method.
  • Learn to figure out cost behavior and distinguish relevant costs for business decisions.

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Cost Accounting
Course Modules

This Specialization covers the basics of cost accounting, including product costing, profit and loss calculation, and decision-making using cost information. Gain essential skills for better business decisions and profitability.

Basics of Cost Accounting: Product Costing

Basics of Cost Accounting: Product Costing

  • Learn to make your company's cost structure transparent.
  • Understand methods of product costing and choose the most suitable system for your company.
  • Determine overhead rates for the allocation of overhead costs to products.

Cost Accounting: Profit and Loss Calculation

Cost Accounting: Profit and Loss Calculation

  • Explore different methods of preparing an income statement.
  • Understand why different methods yield different profit numbers and choose the best-suited method for your decision situation.

Cost Accounting: Decision Making

Cost Accounting: Decision Making

  • Figure out how costs will behave with adjustments in produced or sold quantities.
  • Use cost information to support business decisions and distinguish between relevant and irrelevant costs.
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