Technical University of Munich (TUM)
Cost Accounting Specialization
Technical University of Munich (TUM)

Cost Accounting Specialization

Accelerate your Career in Cost Accounting. Use cost accounting tools and improve your business decisions.

Gunther Friedl
Eline Schoonjans
Peter Schaefer

Instructors: Gunther Friedl

9,126 already enrolled

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4.7

(172 reviews)

Beginner level

Recommended experience

4 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Get in-depth knowledge of a subject
4.7

(172 reviews)

Beginner level

Recommended experience

4 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • How to allocate the costs incurred to the company's products and the most important methods product costing.

  • How companies use cost information to calculate their profit or loss and assess their profitability.

  • How to use information from cost accounting to improve managerial decision-making.

Details to know

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Taught in English

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Specialization - 3 course series

What you'll learn

  • You will learn how to make your company's cost structure transparent and how to record and calculate costs.

  • You will learn methods of product costing, i.e., how companies calculate costs of their products and services.

  • You will learn to decide which product costing system is most suitable for your company’s production program and production type.

  • You will learn how to determine overhead rates for the allocation of overhead costs to products.

Skills you'll gain

Category: Resource Allocation
Category: Management Accounting
Category: Financial Accounting
Category: Operating Expense
Category: Cost Management
Category: Production Process
Category: Accounting
Category: Cost Accounting
Category: Product Planning
Category: Depreciation

What you'll learn

  • You will learn different methods of preparing an income statement.

  • You will learn to explain why different methods yield different profit numbers.

  • You will learn to choose the best-suited method for your decision situation.

Skills you'll gain

Category: Inventory Management System
Category: Management Accounting
Category: Financial Accounting
Category: Profit and Loss (P&L) Management
Category: Operating Expense
Category: Inventory Accounting
Category: Cost Accounting
Category: Income Statement
Category: Gross Profit
Category: Financial Statements

What you'll learn

  • You will learn methods that help to figure out how costs will behave if you adjust produced or sold quantities.

  • You will learn how cost information can support business decisions best.

  • You will learn to distinguish costs that are relevant for business decisions from costs that are irrelevant.

Skills you'll gain

Category: Operating Cost
Category: Management Accounting
Category: Forecasting
Category: Strategic Decision-Making
Category: Decision Making
Category: Profit and Loss (P&L) Management
Category: Product Assortment
Category: Cost Management
Category: Cost Accounting
Category: Analysis
Category: Price Negotiation
Category: Capacity Management

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Instructors

Gunther Friedl
Technical University of Munich (TUM)
4 Courses26,358 learners

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