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Cost Accounting
Profit and Loss Calculation
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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Rating | Not enough ratings |
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Length | 4 weeks |
Effort | 3 weeks of study, 1.5 hours per week |
Starts | Jun 26 (44 weeks ago) |
Cost | $49 |
From | Technische Universität München (TUM) via Coursera |
Instructors | Gunther Friedl, Marcus Witter, Peter Schaefer, Eline Schoonjans |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business |
Tags | Business Business Essentials Finance |
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Rating | Not enough ratings |
---|---|
Length | 4 weeks |
Effort | 3 weeks of study, 1.5 hours per week |
Starts | Jun 26 (44 weeks ago) |
Cost | $49 |
From | Technische Universität München (TUM) via Coursera |
Instructors | Gunther Friedl, Marcus Witter, Peter Schaefer, Eline Schoonjans |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business |
Tags | Business Business Essentials Finance |
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