1. Course Description

This course is designed to provide an understanding of traditional and contemporary product costing and pricing methods (Examination of the accounting practices to record and control material, labor, and overhead costs, and Activity Based Costing (ABC)). In addition to break-even analysis, cost-benefit analysis, performance measurement, and companies’ financial statements. Also include analysis of variance for standard costs. In addition, the course explores the uses of costing techniques and practices for various types of management decisions.

2. Course Main Objective

The aim of this course is to provide students with understanding of the production cost elements as well as the fundamental and principle of cost control systems in manufacturing and services enterprises. Topics include cost measurement and cost control; cost-volume-profit analysis; job costing; activity-based costing; flexible budgeting and variance analysis; management control systems; inventory costing, management.