Cost Accounting

The matter of cost accounting matter, cost classification, job-order costing, process costing, activity based costing, standard costing, inventory management, responsibility accounting, Allocation of department costs, direct and absorption costing, common costs and joint costs. Introduction to cost variance analysis.

NB! This course will take place in autumn semester 2025/2026 which starts on 1st of September and ends on 25th of January (you can find that information under Start date section). TalTech's timetables for Autumn semester 2025 will be published at the end of June via tunniplaan.taltech.ee. Switch the page to English and use "Search" and "Open detailed search" to find your course. NB! Some courses are taught by several lecturers during the same semester. Make sure that the course name and lecturer/teacher infromation of your course match with the information given in the Course Catalogue.

Students will have sufficient knowledge to create cost models by using different costing methods, to analyse reasons for cost variances, to create the cost account system for inventory and prepare the main journal entries.

Final assessment can consist of one test/assignment or several smaller assignments completed during the whole course. After declaring a course the student can re-sit the exam/assessment once. Assessment can be graded or non-graded. For specific information about the assessment process please get in touch with the contact person of this course. For specific information about grade transfer please contact your home university

Prerequisite - Principles of Financial Accounting.

• Horngren, Ch. T., Foster, G., Datar, S. Cost Accounting: a Managerial Emphasis. 12th ed. Prentice Hall, 2006. Drury, C. Management & Cost Accounting. 6th ed. Business Press, 2004

lectures, exercises