Cost Accounting
Language: | English |
Location: | Online |
Duration: | 10 weeks |
Start: | Anytime, self-paced |
Cost: | 135 € |
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.
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.
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Benefits
Lernen Sie, die Gewinn- und Verlustrechnung für Ihr Unternehmen zu verstehen und anzuwenden.
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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.
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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.
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Industry-driven Case Studies
Immerse yourself, refining problem-solving skills for real-life scenarios, enhancing your professional expertise
Program Overview
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Learning Objective
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Details
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Structure
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