The main objectives of the course are:
- Identify the major differences and similarities between financial and managerial accounting
- Identify and give examples of cost terms, concepts and classifications
- Understand the difference between cause-and-effect allocations and others cost allocations criteria
- Explain direct costing
- Know how to use relevant costs for decision making
- Explain job costing, batch costing, operations costing and process costing
- Distinguish between traditional and activity-based costing systems
- Explain basic elements of activity-based costing systems