What You Will Learn:
- How to allocate the costs incurred to the company's products and the most important methods product costing.
- How companies use cost information to calculate their profit or loss and assess their profitability.
- How to use information from cost accounting to improve managerial decision-making.
- You will learn how to make your company's cost structure transparent and how to record and calculate costs.
Companies do not only need to know the costs of different products, but they also need to know whether they gain a profit or realize a loss. We explain how companies use cost information to calculate their profit and assess their profitability. Depending on how companies account for changes [...]
The core of the first course is to learn how companies record total costs and calculate unit costs for their individual products or services. For example, how can a car manufacturer figure out the costs of an individual car series? During the first weeks, participants learn what costs are [...]
In the third course, you will learn how to use information from cost accounting to improve managerial decision-making. We discuss business decisions and suggest how cost information can support them best. For example, how will costs change if managers adjust cost drivers? How many units do companies need to [...]