Back to Basics of Cost Accounting: Product Costing
Technical University of Munich (TUM)

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 depreciation. At the core of their cost-accounting system, companies allocate overhead costs to individual products. We show participants how to allocate the costs incurred to the company's products and introduce them to the most important methods and challenges of product costing.

Status: Financial Accounting
Status: Cost Accounting
BeginnerCourse11 hours

Featured reviews

NK

Reviewed Mar 9, 2022

Great course! Very informative and easy to follow, but still challenging.

SP

Reviewed May 8, 2023

Everything was explained very clearly and it was helpful to use the slides. The practice questions were relevant to the

IH

Reviewed Apr 15, 2025

It’s really intellectual course and widely explained every topics required to understand basics of Costing.

DM

Reviewed May 7, 2023

An insightful course into the basics of cost accounting

RR

Reviewed Aug 14, 2023

Thank you for the instructors and Coursera for offering this course.

BM

Reviewed Mar 24, 2024

Excellent Course with specific detailed information, really thank you

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