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LO-1
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Will be able to distinguish the concepts of cost, expense, loss, expenditure and asset. |
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LO-2
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Will be able to classify expenses in various aspects. |
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LO-3
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Will be able to explain cost calculation methods and the operation of cost calculations. |
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LO-4
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Will be able to account for raw material and material elements and direct raw material and material use. |
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LO-5
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Will be able to account for labor cost elements and direct labor costs. |
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LO-6
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Will be able to explain general production costs and distribution processes. |
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LO-7
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Will be able to explain the operation of Activity Based Costing method. |
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LO-8
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Will be able to explain order and stage cost systems. |