ACCT617 Advanced Cost Accounting

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As per the course ACCT617 Advanced Cost Accounting, it helps in providing the framework and features to incorporate relevant and valuable cost data into cost of goods sold. It also helps companies to add Activity-Based Costingcost components to standard inventory cost.

Under the course ACCT617 Advanced Cost Accounting, the costs directly related to producing, acquiring and selling the company's products. This includes labour costs and electricity costs. There are mainly four types of cost accounting as per the course ACCT617 Advanced Cost Accounting

• Standardcost accounting,
• Activity basedaccounting,
• Leanaccountingand
• Marginalcosting.

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