Cost Accounting

• Know the concepts and terminologies linked to cost accounting;
• Recognize the importance of cost accounting;
• Know and apply the cost centers;
• Distinguish the different types of costs;
• Know the main costing methods;
• Understand the production line, within the scope of cost accounting;
• Adapt cost accounting to the reality in which they are inserted;
• Implement cost accounting in their professional field.

• Concept of cost accounting;
• Current objectives of cost accounting;
• Concepts and terminologies of cost accounting;
• Concepts of apportionment of costs to sections of the organization;
• Concept of cost center;
• Concept of costing system (principles + methods = costing system);
• Importance of cost accounting in the business world;
• Purpose of cost accounting.

• Industrial cost accounting;
• Cost accounting services;
• Direct Costs;
• Indirect Costs;
• Fixed Costs;
• Variable Costs;
• Labor-direct costs (MOD) and Labor-indirect costs (MOI)
• Manufacturing overheads (MGA);
• Main Costing Methods:
• Absorption costing;
• Direct or variable costing;
• Activity Based Costing (ABC).
• Stock valuation from a cost accounting perspective;
• Planning and control of business activities;
• Understanding the production line from a cost accounting perspective;
• Division of the production line by the different cost centers.

• How to implement and do cost accounting;
• Practical Cases.