The core of the first course is to learn how companies record total costs and calculate unit costs for their individual products or services. For example, how can a car manufacturer figure out the costs of an individual car series? During the first weeks, participants learn what costs are and how to distinguish them from expenses or cash flows. Participants will understand how companies record total costs and distinguish important cost types such as material costs, personnel costs, or depreciation. At the core of their cost-accounting system, companies allocate overhead costs to individual products. We show participants how to allocate the costs incurred to the company's products and introduce them to the most important methods and challenges of product costing.
This course is part of the Cost Accounting Specialization
Offered By
About this Course
No prior experience required.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessWhat you will learn
You will learn how to make your company's cost structure transparent and how to record and calculate costs.
You will learn methods of product costing, i.e., how companies calculate costs of their products and services.
You will learn to decide which product costing system is most suitable for your company’s production program and production type.
You will learn how to determine overhead rates for the allocation of overhead costs to products.
Skills you will gain
- Cost
- Cost-type accounting
- Cost-center accounting
- Service costing
No prior experience required.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessOffered by
Syllabus - What you will learn from this course
Introduction to cost accounting
Cost-type accounting
Cost-center accounting
Product and service costing
Reviews
- 5 stars84.21%
- 4 stars12.28%
- 3 stars1.75%
- 2 stars1.75%
TOP REVIEWS FROM BASICS OF COST ACCOUNTING: PRODUCT COSTING
Perfect Course.. with very good examples.. you will earn a lot of knowledge the instructor is great. also, they are very responsive in the forum, Thanks to all the instructor's team!
Great course! Very informative and easy to follow, but still challenging.
About the Cost Accounting Specialization

Frequently Asked Questions
When will I have access to the lectures and assignments?
What will I get if I subscribe to this Specialization?
What is the refund policy?
Is financial aid available?
More questions? Visit the Learner Help Center.