COST ACCOUNTING

25-01-12 web.xrh 0 comment

COST ACCOUNTING


The module explores the fundamental concepts and principles of Cost Accounting, and introduces students to the design of accounting control systems and the decision-making techniques within organizations. More specifically, the topics analysed include the following:
•    Factors driving costs; cost terms and cost assignment
•    Relevance of costs in the decision process
•    Job costing vs. process costing
•    Allocation and reallocation of costs to cost centres
•    Marginal, absorption, and activity-based costing systems
•    Role of budgeting in the planning, control and resource allocation process