Cost Accounting: Profit and Loss Calculation
This course is part of Cost Accounting Specialization.
This course cannot be purchased separately - to access the complete learning experience, graded assignments, and earn certificates, you'll need to enroll in the full Cost Accounting Specialization program. You can audit this specific course for free to explore the content, which includes access to course materials and lectures. This allows you to learn at your own pace without any financial commitment.
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What you'll learn
Learn different methods of preparing income statements
Explain why different methods yield different profit numbers
Choose the best-suited method for decision situations
Skills you'll gain
This course includes:
0.7 Hours PreRecorded video
11 assignments
Access on Mobile, Tablet, Desktop
FullTime access
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There are 3 modules in this course
Companies need to calculate their profits and assess profitability using different methods. This course explores various approaches to preparing income statements, including absorption costing and variable costing. Students learn to distinguish between nature of expense and cost-of-sales methods, understand contribution margin accounting, and make informed decisions about which method best suits specific situations.
Methods for Preparing an Income Statement
Module 1 · 1 Hours to complete
Absorption and Variable Costing
Module 2 · 1 Hours to complete
Contribution-margin Accounting
Module 3 · 1 Hours to complete
Fee Structure
Individual course purchase is not available - to enroll in this course with a certificate, you need to purchase the complete Professional Certificate Course. For enrollment and detailed fee structure, visit the following: Cost Accounting Specialization
Instructors
Cost Accounting Expert and Academic Instructor
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.
Prof. Dr. at TUM
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.
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