Cost Accounting

Objectives

The objectives of this course are to organize the costs and profits of the companies in order to ascertain, precisely, the internal costs to the products and generate income and consequential results.

Skills to develop: It is expected that students to:

• Recognize the costs or inputs, how can be attributed to the target cost and the conclusions can be drawn;

• Recognize how the service companies and the products (especially industrial) are divided over its manufacturing process and identify the different stages of production.

• Draw up an internal accounting knowledge to enable business owners / managers to better manage their products / services, conduct of the interconnection with the General Accounting,

• Make and interpret the statements issued by the Cost Accounting.

Program

INTRODUCTION

COSTS AND REVENUES

Costs, expenditures and payment versus income, revenues and receipts

Fixed costs, variable costs, total costs, average cost and variable cost

Manufacturing cost, processing cost, prime cost

Complexive cost, economic cost, technical, and opportunity cost

Costs not industrial.

Actual costs and basic costs (standards)

Direct costs, indirect costs and core costs

Product costs and period costs

Cost Standards

Cases of application

DETERMINATION OF INDUSTRIAL COST

Components

Industrial and manufacturing companies Regimes

Costing method:

Joint production

Cases of application

COST CENTERS

The Method of Homogeneous Sections

Breakdown of costs by Sections

Maps clearance of industrial cost

Cases of application

COST-VOLUME-PROFIT

Techniques of Costing

Typical cases of decision making

IMPLEMENTATION OF A SYSTEM OF COST ACCOUNTING

Teaching Methodologies

The teaching methodology used is based on expository method, which involves exhibition of slides. It’s given of examples of companies in the RAA, along with several case studies to ease the conversion of theory into practical concepts in business.

Bibliography

• PEREIRA, Carlos Caiano e FRANCO, Vítor Seabra; Contabilidade Analítica; Editora Rei dos Livros; 6ª Edição; Lisboa; Setembro 1994.

• HORNGREN, Charles T. e FOSTER, George; Cost Accounting: A Managerial Emphasis; 13ª Edição; Prentice-Hall International Editions; London 2008.

• CAIADO, António C. Pires; Contabilidade Analítica e de Gestão; Áreas Editora; 4ª Edição; Maio 2008