Cost Accounting


Course Name

Cost Accounting

Course Code

PD-AF – G3

Number of Contact Hours

45 hours

Credit Hours

3 Credit Hour

Duration and Frequency

  • 15 sessions 
  • Each session = 3 hours
  • Frequency: daily Monday to Friday
  • Duration: 3 weeks

Mode of Delivery

  • Online/ On Campus/ Hybrid 


Professional Development – 

G – Accounting and Finance 


This course will introduce the student to the fundamental concepts of cost accounting. Course topics include the manager and management accounting, cost terms and purposes, job costing, activity-based costing, activity-based management, flexible budgets, inventory costing and capacity analysis, pricing decisions and cost management, cost allocation, customer-profitability analysis, and sales-variance analysis.



The objectives of this course is for the student to gain a fundamental understanding of the concepts of cost accounting by learning and applying the basic principles to a variety of different business situations and environments.



On completion of this subject, students are expected to be able to:

  1. Perform a cost-volume-profit analysis
  2. Understand and be able to apply the concepts of Activity-Based Costing and Activity-Based Management
  3. Have a thorough knowledge of flexible budgets, direct-cost variances, overhead cost variances, and management control
  4. Develop a strategy and a balanced scorecard and perform a Strategic Profitability Analysis



  1. The Manager and Management Accounting
  2. An Introduction to Cost Terms and Purposes
  3. Cost – Volume-Profit Analysis
  4. Job Costing
  5. Activity-Based Costing and Activity-Based Management
  6. Master Budget and Responsibility Accounting
  7. Flexible Budgets, Direct-Cost Variances, and Management Control
  8. Flexible Budgets, Overhead Cost Variances, and Management Control
  9. Inventory Costing and Capacity Analysis
  10. Determining How Costs Behave

    11.Decision Making and Relevant Information

  1. Strategy, Balanced Scorecard, and Strategic Profitability Analysis
  2. Pricing Decisions and Cost Management
  3. Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis


Course Textbook

Horngren’s Cost Accounting: A Managerial Emphasis, 16th Edition

Srikant M. Datar, Harvard University

Madhav V. Rajan, Stanford University



Feedback Given to Participants in Response to Assessed Work 

  • Individual written feedback on coursework
  • Feedback discussed as part of a tutorial
  • Individual feedback on request
  • Model answers 


Developmental Feedback Generated Through Teaching Activities

  • Feedback is given at presentations and during tutorial sessions
  • Dialogue between participants and staff in tutorials and lectures



The course grade will be based on a final project presented by the participant and graded by the instructor. Participants much achieve a passing grade of 70% or more to be awarded a certificate of completion of the course.