Overview
The module covers understanding of cost accounting concepts and application to practical situations. Basic costing methods on products and services are learned and applied across different industries.
What you will learn (Course Learning Outcomes)
- Define the principles of cost accounting with ability to discuss and classify costs. (C1, PLO1)
- Explain the differences between marginal and absorption costing approaches. (C2, PLO4)
- Illustrate calculations of costs on specific products, services and processes. (C3, PLO6)
