Cost Accounting

Language: English
Location: Online
Duration: 10 weeks
Start: Anytime, self-paced
Cost: 135 EUR
Companies do not only need to know the cost of different products, but they also need to know whether they will make a profit or a loss. We explain how companies use cost information to calculate their profit and assess their profitability.

Take a deep dive into the basic knowledge and skills required for cost accounting methodologies

Depending on how companies account for changes in inventories, we distinguish “absorption costing” and “variable costing”. Some companies also structure their income statement according to the “nature of expense method”, while others structure it according to the “cost-of-sales method”. We explain both methods and discuss their advantages and disadvantages.
A sophisticated combination of modern teaches you the methods to impart the content in a profound way. You will learn different methods of preparing an income statement. You will also learn to explain why different methods yield different profit numbers and how to choose the best-suited method for your situation. The program was compiled by an interdisciplinary team of internationally renowned experts from the field of Cost Accounting.

Quick Info

Here you will find all the information you need for this course.

Benefits

Lernen Sie, die Gewinn- und Verlustrechnung für Ihr Unternehmen zu verstehen und anzuwenden.

01

1

Profit and Loss Expertise

Go beyond mere cost calculation. Explore using costs for profitability. Learn absorption, variable costing, and diverse income statement structures for informed financial decisions.

02

2

Apply your knowledge in practice

Explore real-world cases, applying cost accounting principles to practical examples. Make strategic decisions based on practical cost accounting. Learn how to use cost data to optimize pricing, adjust drivers, and improve managerial decision-making to drive business success.

03

3

Industry-driven Case Studies

Immerse yourself, refining problem-solving skills for real-life scenarios, enhancing your professional expertise

Program Overview

You can find all the important information about the certificate program here. Below you can find out the objectives of the program, the exact details of the process, what you will learn and which lecturers will teach you the content.

Testimonials

  • Not only did this specialization teach me the proper techniques of accounting and the different methods of preparing an income statement, it also taught me how to learn independently, how to persevere with a problem to find ways of solving it, and perhaps most significantly, enabled me to continue to develop my accounting skills.

    Former Participant in the Specialization

  • Excellent content and assignments that build on your knowledge, before reinforcing, and then expanding your learning. I recently secured new employment using these skills. Thanks!

    Former Participant in the Specialization

  • I liked that the Specialization included step-by-step exercises and tutorials. Unlike exercises where a student can succeed by simply doing as directed, the assignments foster active learning. The assignments were where I discovered whether I truly understood the material. This Specialization produces real learning.

    Former Participant in the Specialization

  • Your contact

    Vesna Gajic
    Program Manager
    Phone: +49 89 289 284 74
    Get in touch
    Contact person Vesna Gajic

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