Understanding Cost Accounting

Course Objectives

- Cost Accounting vs. Financial Accounting
- Elements of Cost Accounting
- Classification of Costs/Types of Costs

Course Main Topics

1. Management information requirements
2. Cost accounting systems and Cost requirements
3. Cost classification
4. Accounting for Material Costs and Inventory Management
5. Accounting for Labor
6. Accounting for Overheads
a. Marginal Costing
b. Absorption Costing
7. Job, Batch & Process Costing
8. Cost Volume Profit (CVP) Analysis
9. Decision Making
10. Information for Comparison