Monthly Subscription Starting at AED 99 + VAT
- Level Professional
- المدة 4 ساعات hours
- الطبع بواسطة Technical University of Munich (TUM)
-
Offered by
عن
Companies do not only need to know the costs of different products, but they also need to know whether they gain a profit or realize a loss. We explain how companies use cost information to calculate their profit and assess their profitability. Depending on how companies account for changes in inventories, we distinguish "absorption costing" and "variable costing". In addition, some companies structure their income statement according to the "nature of expense method", while others structure it according to the "cost-of-sales method". We explain both methods and discuss their advantages and disadvantages.الوحدات
Welcome to Cost Accounting - Profit and Loss Calculation
-
3
Readings
3
Readings
- Course Overview
- Introduce yourself!
- Lecture slides for this course
Purposes of the income statement
-
1
Videos
-
1
Assignment
1
Assignment
- The tasks of profit and loss calculation
1
Videos
- Tasks of profit and loss calculation
Methods for preparing an income statement
-
2
Videos
-
1
Readings
-
2
Assignment
2
Assignment
- Nature of expense method
- Cost-of-sales method
2
Videos
- Nature of expense method
- Cost-of-sales method
1
Readings
- The triple bottom line
Learning Assessment
-
1
Assignment
1
Assignment
- Cost-of-sales vs. nature of expense method
Income statements and financial accounting
-
1
Videos
-
1
Plugin
-
1
Assignment
1
Assignment
- Income statements and financial accounting
1
Videos
- Comparison of income statements and financial accounting
Absorption and variable costing
-
3
Videos
-
1
Discussion
-
2
Assignment
2
Assignment
- Absorption costing and variable costing
- Absorption vs. variable costing in multiple periods
1
Discussions
- Inventory built-up
3
Videos
- Comparing operating income under absorption and variable costing
- Comparing operating income for multiple periods
- Incentives for undesirable buildup of inventory under absorption costing
Learning Assessment
-
1
Assignment
1
Assignment
- Product costing and profit calculation
Contribution-margin accounting
-
2
Videos
-
1
Readings
-
2
Assignment
2
Assignment
- Contribution margin
- Multi-leveled contribution margin accounting
2
Videos
- Simple contribution margin accounting
- Multi-leveled contribution margin accounting
1
Readings
- Contribution Margin: What, how, why?
Learning Assessment
-
1
Assignment
1
Assignment
- Profit and loss calculation at Mobilist
Congratulations on completing one course of the Cost Accounting Specialization
-
1
Readings
1
Readings
- What do I learn in the other courses of the Specialization?
Auto Summary
Explore the intricacies of cost accounting and learn how companies calculate profit and assess profitability in this professional-level course. Delve into "absorption costing" vs. "variable costing" and understand the "nature of expense" and "cost-of-sales" income statement methods. Offered by Coursera, this 240-minute course is available with Starter or Professional subscriptions, ideal for business and management professionals.
Gunther Friedl
Marcus Witter
Peter Schaefer
Eline Schoonjans