Elements of Costing
Description
Elements of Costing explores methods for identifying and analyzing costs related to products, services, and operations, providing a comprehensive understanding of cost management. Students explore cost behavior, job costing, process costing, activity-based costing, and standard costing systems. The course covers cost allocation, cost-volume-profit analysis, and budgeting processes. Mastering costing principles enables learners to accurately measure and control costs, optimize resource utilization, and support strategic pricing and profitability decisions, ultimately enhancing organizational efficiency and competitiveness.