Cost Accounting: Profit and Loss Calculation
5.0 /5- Offered byCoursera
Cost Accounting: Profit and Loss Calculation at Coursera Overview
Duration | 4 hours |
Start from | Start Now |
Total fee | Free |
Mode of learning | Online |
Difficulty level | Intermediate |
Official Website | Explore Free Course  |
Credential | Certificate |
Cost Accounting: Profit and Loss Calculation at Coursera Highlights
- Earn a Certificate upon completion
Cost Accounting: Profit and Loss Calculation at Coursera Course details
- 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
Cost Accounting: Profit and Loss Calculation at Coursera Curriculum
Methods for preparing an income statement
Tasks of profit and loss calculation
Nature of expense method
Cost-of-sales method
Course Overview
Introduce yourself!
Lecture slides for this course
The triple bottom line
The tasks of profit and loss calculation
Nature of expense method
Cost-of-sales method
Cost-of-sales vs. nature of expense method
Absorption and variable costing
Comparison of income statements and financial accounting
Comparing operating income under absorption and variable costing
Comparing operating income for multiple periods
Incentives for undesirable buildup of inventory under absorption costing
Income statements and financial accounting
Absorption costing and variable costing
Absorption vs. variable costing in multiple periods
Product costing and profit calculation
Contribution-margin accounting
Simple contribution margin accounting
Multi-leveled contribution margin accounting
Contribution Margin: What, how, why?
What do I learn in the other courses of the Specialization?
Contribution margin
Multi-leveled contribution margin accounting
Profit and loss calculation at Mobilist
Cost Accounting: Profit and Loss Calculation at Coursera Admission Process
Important Dates
Other courses offered by Coursera
Cost Accounting: Profit and Loss Calculation at Coursera Students Ratings & Reviews
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