Learning Outcomes

Definition of Cost

Costing Techniques

Activity Based Costing (ABC)

Throughput Accounting

Variance Analysis

Lesson Summary

This module examines the theory of cost and considers its definition, how it can be classified, and the cost behaviour of different classes of cost. The definitions of cost provide a foundation for advanced topics to build upon. In addition, we will explain marginal costing concepts and consider the application of different techniques.

Advanced Cost Accounting Theory and Techniques - Course Assessment

Learn and discover all about advanced cost accounting theory and its techniques in this free online course.

Advanced Cost Accounting Theory and Techniques

This cost accounting course provides an overview of advanced costing theory and its techniques. You will learn to classify costs and recognise cost behaviour. This insight will enable you to analyse cost-volume-profit dynamics and report on activity-based costs. In addition, you will be able to apply your understanding of cost elements in other value-adding organisational activities such as budgeting and variance analysis.

2U/edX Implements Another Round of Layoffs Amid Ongoing Financial Struggles

SEO Content Strategy Demystified: Coursera, MasterClass, and edX

[2025] Massive List of Thousands of Free Certificates and Badges

Harvard Launches Two New Free Certificate Courses

Udemy Appoints McKinsey Veteran as CEO Amid Growth Challenges

OpenAI Academy Review: A Close Look at ChatGPT 101 for Small Businesses

Duolingo’s Restaurant Side Business Tops $1.3M

10,000+ Free Courses from Tech Giants: Learn from Google, Microsoft, Amazon, and More

7 Best Free Haskell Courses for 2025

University of Sheffield Ends 11-Year Partnership with FutureLearn

EdX’s 2021: Year in Review

New CEO, New Structure: Greg Hart Reshapes Coursera’s Reporting

30+ Holiday Discounts & Online Learning Deals

9 Best Quilting Courses for 2026: Turn Fabric Scraps Into Heirlooms

Beginning to Program: Review of CS50 Scratch Course

Coursera’s 2025 Strategy: Focusing on Campus, Scaling Back Degrees