Cost Accounting

Aims of the course

- to define the role of cost accounting in corporate information system
- to define different cost concepts
- to define the use of different cost concepts for different decisions
- to show practical applications of cost accounting concepts.

Course syllabus

1. Definition of cost accounting and cost concepts
2. Types of costs by nature
2.1. Depreciation costs
2.2. Material costs
2.3. Services costs
2.4. Labour costs
3. Variable and fixed costs
3.1. Costs graph
3.2. Profit graph
3.3. Cost paradoxes
4. Direct and overhead costs
4.1. Full cost
4.2. Job order and process costing
4.3. Cost calculations
4.4. Activity based costing
5. Marginal costs
6. Responsibility accounting

Course director(s)