Cost Accounting




The aim of the course is to equip students with skills and knowledge to:

  • Identify and calculate different types of costs (direct, indirect, variable, and fixed costs).
  • Distinguish between job-costing, process-costing, and joint-costing systems.
  • Determine the product cost by means of full- costing and direct-costing methods.
  • Determine the product cost by means of historical (actual) and standard cost systems.

Course Description:

Cost accounting provides key data to managers for planning and controlling, as well as data on costing products, services, and customers.  By focusing on basic concepts, analyses, uses, and procedures instead of procedures alone, we recognize cost accounting as a managerial tool.


Lesson 1 Basic Concept

Lesson 2 Materials Costing

Lesson 3 Labor Cost & Machinery

Lesson 4 Job Costing/Process Costing

Lesson 5 Cost Allocation

Lesson 6 Variable Costing

Lesson 7 Cost of Quality Spoilage

Lesson 8 Joint Production Process

Final Exam


  • Horgen, Ch. T; Datar, S.M. & Foster, G. (2006): Cost Accounting. A managerial emphasis. 12th Edition. Prentice-Hall
  • Gray, S.J.& Needles, B.E. (1999): Financial Accounting. A global approach. Houghton Mifflin Company. Chapter 7

If you want to take the course please click the following link containing the lessons to complete the course. click here


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