Cost accounting addresses the issue of establishing costs a business or organization incurs in order to produce and sell goods or services. Production costs are a significant competitive standpoint for all firms and economies. Therefore, it is important to managers to learn scientific techniques of managing costing processes and budgeting. Cost accounting provides data for planning and controlling routine operations; non routine decisions; policy making; inventory valuation and income determination to mention but a few.

The main objective of this course is to introduce the students the system of cost accumulation, classification, processing and reporting to the management and to familiarize the students with the techniques of costing.