Course Cost Accounting

The Cost Accounting course examines cost concepts and cost behavior, as well as their link to financial accounting, to support managerial decision-making. Topics include the impact of the industrial revolution and digitalization on cost accounting practices, the calculation of cost of goods manufactured and cost of goods sold, and the classification and summarization stages in the accounting cycle of manufacturing firms. Students also learn product costing (production costs) and the allocation of manufacturing overhead using both traditional and contemporary approaches (e.g., activity-based costing) to enhance efficiency, productivity, and industrial competitiveness. The course is designed to enable students to develop accountable cost information that supports decent work and economic growth (SDG 8), fosters process innovation and sustainable industrial development (SDG 9), and contributes to more efficient and inclusive cost management for societal well-being (SDG 1).

Program Objectives (PO)