Basics of Cost Accounting: Product Costing

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 and how to distinguish them from expenses or cash flows. Participants will understand how companies record total costs and distinguish important cost types such as material costs, personnel costs, or depreciati

• Make company cost structures transparent and record costs accurately
• Apply product costing methods to calculate product and service costs
• Select suitable product costing system for production type and program
• Determine overhead rates for allocating indirect costs to products

• Basic accounting knowledge