Cost accounting measures financial and non-financial information relating to the operational costs of an organization and produces reports which are useful and necessary for financial and management accounting.
The course begins with a comprehensive presentation and analysis of cost concepts, an investigation of the cost accounting framework, classification of concepts based on criteria and determination of its behaviour.
Subsequently, the components for determining the costs, direct materials, direct labour cost and other manufacturing costs will be analysed. The two basic cost techniques for costing products and services, job order and the costing process will be presented. In addition, methods for the evaluation of inventories in work in process and finished goods are outlined.
Finally, inventory evaluation methods that are in line with the requirements of the Greek taxation authorities are presented.
Basic knowledge of cost accounting in accordance with Greek GAAP.
