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Learner Reviews & Feedback for Cost Accounting: Profit and Loss Calculation by Technische Universität München (TUM)

27 ratings

About the Course

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....

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1 - 5 of 5 Reviews for Cost Accounting: Profit and Loss Calculation

By Victor F

Mar 10, 2022

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.

By Niklas K

Mar 10, 2022

Even better than the first part "Product Costing". Especially enjoyed the quizzes in this one!

By Neha A

Jun 4, 2022

Excelkent Course


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