Cost Accounting: Profit and Loss Calculation

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 a distinguished academic serving as the Chair of Management Accounting at the Technical University of Munich (TUM). With a strong focus on cost accounting and financial management, he teaches multiple online courses on platforms like Coursera, including "Cost Accounting: Profit and Loss," where he shares his expertise with a global audience. His research interests encompass various aspects of management accounting, providing valuable insights into effective financial practices within organizations. Dr. Schaefer's contributions to the field are reflected in his commitment to advancing the understanding of accounting principles and their application in real-world scenarios, making him a key figure in shaping future leaders in management and finance.