Basics of Cost Accounting: Product Costing

Eline Schoonjans serves as an instructor at the Technical University of Munich (TUM), specializing in cost accounting and business decision-making. Her course portfolio at TUM includes comprehensive programs in cost accounting fundamentals, focusing on product costing, decision-making strategies, and profit-loss calculations. Her courses have attracted over 7,174 learners globally, maintaining high student satisfaction rates. Her teaching methodology emphasizes practical applications of cost accounting principles, helping professionals develop skills in product costing, profitability analysis, and business decision-making. Her expertise spans various aspects of cost accounting, including activity-based costing, marginal costing, and strategic cost management. Her course content is structured to benefit both beginners and young professionals with business experience, providing them with essential tools for improved business decisions. Her approach combines theoretical foundations with practical examples from various industries, helping students master cost allocation, profit calculation, and strategic decision-making processes.

Professor Gunther Friedl serves as Dean of the TUM School of Management and holds the Chair of Management Accounting at Technical University of Munich, bringing unique expertise in both physics and business administration. His academic credentials include degrees from TUM (physics) and LMU Munich (business), followed by a Ph.D. (2000) and habilitation (2004). Under his leadership since 2010, the TUM School of Management has achieved Triple Crown accreditation and grown to over 6,000 students. His research focuses on corporate governance, executive compensation, performance measurement, and business valuation, published in prestigious journals including the European Journal of Operational Research and Research Policy. His teaching excellence is recognized through multiple awards, including the TUM Prize for Excellence in Teaching (2013), UNICUM Professor of the Year (2012), and the Best Textbook Award from the German Academic Association for Business Research. At Coursera, his Cost Accounting Specialization has enrolled over 12,000 students globally, with courses maintaining consistently high satisfaction ratings. His expertise is regularly featured in major media outlets including Financial Times and Handelsblatt, and he serves on several boards including the Deutsche Schutzvereinigung für Wertpapierbesitz.

Marcus Witter serves as an instructor at the Technical University of Munich (TUM), specializing in cost accounting and business decision-making. His course portfolio includes three comprehensive programs: "Basics of Cost Accounting: Product Costing," "Cost Accounting: Decision Making," and "Cost Accounting: Profit and Loss Calculation," which have collectively enrolled over 12,000 students globally. His teaching methodology emphasizes practical applications of cost accounting principles, helping professionals develop skills in product costing, decision-making strategies, and profit analysis. His courses focus on making company cost structures transparent while teaching methods for recording and calculating costs effectively. His expertise spans various aspects of cost accounting, including product costing systems, overhead cost allocation, and strategic decision-making processes. His approach combines theoretical foundations with practical examples from various industries, helping students master cost allocation, profit calculation, and business decision-making strategies.

Dr. Peter Schaefer is an Assistant Professor at the Technical University of Munich (TUM), where he specializes in cost accounting and management. He teaches several online courses on Coursera, including Basics of Cost Accounting: Product Costing, Cost Accounting: Decision Making, and Cost Accounting: Profit and Loss Calculation. These courses are designed to provide learners with a comprehensive understanding of cost accounting principles, enabling them to make informed business decisions based on accurate financial analysis.Dr. Schaefer's courses cover essential topics such as product costing methods, profit calculation techniques, and the application of cost information in managerial decision-making. His teaching emphasizes the importance of understanding cost structures to enhance organizational efficiency and profitability.