The course is the basic introductory module in Management Accounting and more specifically in the subject of costing. The course material aims at familiarizing students with the concept of cost and its distinctions and understanding its use in the basic functions of Management. Special emphasis is placed on understanding the elements of production costs, costs produced, and costs sold, with the ultimate goal of preparing and understanding the Statement of Profit and Loss of an economic unit. In addition, the costing methods used by manufacturing companies are presented and their applications are listed for their fuller understanding by students.

eclass: https://eclass.uop.gr/courses/3397/