This course aims to introduce the cost concepts and an in-depth view of several key areas including job costing, process costing, activity-based costing, budgeting, forecasting, and variance analysis. Topics of the course include an Introduction to cost accounting and the place of cost accounting in the accounting system; Basic concepts related to cost accounting; Classification of cost Material Costs - LIFO, FIFO and Average cost inventory valuation methods; Labor costs; Manufacturing overhead costs; Job-order-costing systems; Introduction to process costing systems and Procedures; and Variance Analysis.