Cost Accounting online program: Award-winning TUM lecture series now available as MOOC

From discovering hidden costs of a company’s departments and identifying the costs of individual products – Cost Accounting is one of the essential processes in corporations to optimize business decisions and assess profitability. The TUM Institute for LifeLong Learning is delighted to announce that the renowned lecture series developed by Prof. Dr. Gunther Friedl and his team from the TUM Chair of Management Accounting is now available as an interactive online program (MOOC) for professionals and students on a worldwide scale.

Creating value for customers and stakeholders lies at the core of every company’s purpose. To provide this value, Cost Accounting is one of the most important business functions relevant for operating business models successfully. From experienced professionals who want to refresh their memory about the fundamentals of Cost Accounting to young professionals building a career in this sector: This self-paced program is particularly interesting for those who are eager to accelerate their career in finance, accounting, and beyond, says Prof. Dr. Friedl.

What you need to know about the MOOC: Interactive and self-paced learning structure

The new Cost Accounting MOOC makes a renowned and award-winning lecture series by the TUM Chair of Management Accounting available to professionals all around the globe. It is offered on Coursera, the internationally leading online learning platform with which TUM has already held a strategic partnership for years to ensure the highest quality for its self-paced courses.

Participants will gain an understanding of Cost Accounting by following lecture videos, learning about many practical examples, and solving quizzes together with other interactive practicing elements. The specialization also applies practical learning elements like building an Excel spreadsheet to determine cost functions and includes numerous illustrative examples from various industries. From product and service costing, to profit and loss calculation, and leveraging cost information as the basis for decision-making, the specialization provides a sound foundation to Cost Accounting.

And, as Prof. Dr. Friedl states in the introductory video: Having an overview of the costs of a company will also help participants to improve their leadership skills and make better business decisions in general. Curious? You can find information about the course here.

Why Choose TUM Online Learning?

  • Learn from world-class experts in their field
  • Course work & interactions are 100% online.
  • Study at the time and place that suits you.
  • 24/7 access to course material.

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