This course aims to provide students with a comprehensive understanding of the fundamental concepts related to costing, including both traditional (e.g., job order, process, full, variable costing) and contemporary (e.g., activity-based, target costing, life-cycle costing) methods. It enables students to relate these costing methods to planning, decision-making, and control functions, and to evaluate the strategic role of cost information within managerial processes.

This course covers the fundamental concepts of cost and costing, and provides an in-depth analysis of traditional costing methods (job order, process, actual, standard, estimated, variable, absorption, direct, and normal costing) and contemporary costing methods (activity-based costing, target costing, life-cycle costing, just-in-time costing). The course also explores the relationship between costing processes and managerial functions such as planning, decision-making, and control. Emphasis is placed on the strategic implications of costing methods and their role in enhancing organizational performance.