Financial Information

Accounting Systems

Introduction to Cost Accounting

Cost definition

Use of Costs

Classification of Costs

Inventory Valuation

Costs Behavior

Cost Accounting Systems

Standard Costs and Variances

Cost-Volume-Profit Analysis

Break-Even Point

Target Profit

Budgeting

Master Budget

Activity Based Costing (ABC)

Transfer Prices

The cost is the spending money that represents the manufacture of a product or providing a service. In other words, the cost is the economic effort (the payment of salaries, the purchase of materials, the manufacture of a product, securing funds for financing the management of the company, etc..) that must be done to achieve an operational objective. Failure to reach the desired goal, it is said that a company has had losses.