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.
Even better than the first part "Product Costing". Especially enjoyed the quizzes in this one!
Thank you for giving me the opportunity to learn for free
Very helpful but if you add how to make strategy by adding incentive scheme on this. it will be more helpful to use to analysis and apply practically.
It's a great course with concise explanation and examples.
It is a very good course for those who are interested in learning very basic concepts of cost accounting...
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I booked the course mainly because I needed it for my new job. After completing it, I can only recommend it. With time, it's even really fun. The lessons are easy to understand but still challenging. Good exercices to test your new gained knowledge.
I had enrolled in the cost accounting course in that the profit and loss calculation is one of the part . All the videos and assignments are very good and very understandable to learn ,study .I really enjoyed a lot in learning this course.
Even better than the first part "Product Costing". Especially enjoyed the quizzes in this one!
Excelkent Course
"Cost Accounting: Profit and Loss Calculation" is a valuable course for individuals seeking a comprehensive understanding of cost accounting principles as they relate to profit determination. The instructor's expertise and the well-designed course content make it beneficial for students pursuing careers in accounting, finance, or related fields.
Coursera is the best online learning platform . I have just completed a course in Cost Accounting and I really enjoyed it. I leaned a lot of methods and skills that I will apply on my career and also in my personal businesses. I would recommend it to anyone who wants to learn new and valuable skills.
It is a very good course for those who are interested in learning very basic concepts of cost accounting...
دورة مميزة اعطتنا مفاهيم علمية باستخدام محاسبة التكاليف في تحديد الربح والخسارة
estos espacios son fundamentales para nuestro desarrollo y aprendizaje
It's a great course with concise explanation and examples.
Thank you for giving me the opportunity to learn for free
I hope I can get certificate
جميلة ومفيدة وموثوقة
Informative session
muy completo
Good course
MAGNIFIQUE
excellent
Excellent
Good