Online Course – Google Certified Professional Internship in Cost Accounting, Technion Munich (TUM)

Accelerate your career in cost accounting. Use cost accounting tools and improve your business decisions.

Suggested by: Coursera (What is Coursera?)

Professional Certificate

Beginners

No prior knowledge required

Time to complete the course

7-day free trial

No unnecessary risks

Skills you will acquire in the course

  • Introduction to product pricing – calculating product costs.
  • Connecting information about costs with revenues – calculating profits and profitability.
  • Using information from cost accounting systems – optimizing business decisions.
  • Pricing products and services.
  • Profit and loss calculation.
  • Using cost information for decision-making.

What you will learn in the course

Courses for which the course is suitable

  • Accounting Analyst
  • Pricing Manager
  • Accountant
  • Finance Manager
  • Business consultant
  • Project Manager
  • Operations Manager
  • Product Manager
  • Business Administration Student
  • Young financial professional

Internship – 3-part course series

Watch the internship trailer: Click here

Many business decisions require cost accounting information. When you know the costs of your products, you can make better pricing decisions and choose which products to offer. When you know the costs of your departments, you can identify inefficiencies and better motivate your employees.

What will you learn in this internship?

  • Introduction to product pricing – calculating product costs.
  • Connecting information about costs with revenues – calculating profits and profitability.
  • Using information from cost accounting systems – optimizing business decisions.

The courses are designed for young professionals and business administration students who are interested in developing cost accounting skills.

Hands-on Learning Project

The internship includes lecture videos, quizzes, and interactive learning materials. Learners will build an Excel spreadsheet to determine cost functions, and experiment with examples from a variety of industries.

The courses teach how to plan, control, monitor, and record cost information, including:

  • Pricing products and services.
  • Profit and loss calculation.
  • Using cost information for decision-making.

The specialization provides a solid foundation for cost accounting.

Details of the courses that make up the specialization

Cost Accounting Fundamentals

Cost Accounting: Calculating Product Costs

Course 1
10 hours
4.6 (126 ratings)

What will you learn?

  • Make the company’s cost structure transparent.
  • Record and calculate costs.
  • Methods of calculating product costs.
  • Decide on an appropriate cost calculation method.
  • Determine cost rates for allocating indirect costs.

Skills you will gain

  • cost
  • Cost-type accounting
  • Calculating service costs
  • Cost Center Accounting

Cost Accounting: Calculating Profit and Loss

Course 2
3 hours
4.6 (59 ratings)

What will you learn?

  • Methods for preparing an income statement.
  • Explain why different methods yield different profit numbers.
  • Choose the method that best suits your decision situation.

Skills you will gain

  • Income statement
  • Contribution margin accounting
  • Calculating absorption and variable costs

Cost Accounting: Decision Making

Course 3
8 hours
4.8 (44 ratings)

What will you learn?

  • Methods for understanding cost behavior.
  • How cost information supports business decisions.
  • Distinguish between relevant and irrelevant costs.

Skills you will gain

  • Cost-volume-profit analysis
  • Cost functions
  • Cost behavior
  • Operational decisions