Topic outline

  • General description

    Providing basic cost analysis concepts in manufacturing companies and analyzing cost classifications; functionally, on a cost unit, and on the volume of activity. Also, identifying the accounting treatments for cost elements, that is, cost of raw materials (RM), cost of wages, and cost of overheads, and analyzing their elements. Furthermore, The course focuses on analyzing and comparing between the traditional and the ABC costing systems to assign overheads on cost centers, products and activities to calculate cost and profitability of product. Also, applying overheads rates, cost statements, closing accounting, and linking the outputs of cost accounting with the financial accounting for manufacturing companies. The subject is directed towards the main objective to develop skills of students in applying cost accounting tools, with a research objective to develop the students thinking based on the content of this subject, including its practical advantages from practice for manufacturing companies today and tomorrow.