Welcome Message!
Dear Students, welcome to the Cost Accounting course on this e-learning platform. I am pleased to have you in this class and I look forward to an interactive and successful learning journey together. This course will equip you with important knowledge and practical skills in cost determination, budgeting, cost control, overhead allocation, and decision-making in business organizations. I encourage you to actively participate in discussions, complete assignments on time, and feel free to ask questions whenever you need clarification. I wish you all the best and success throughout this course.
Module aim
The aim of this module is to provide students with knowledge and practical skills in cost accounting and cost management techniques used in modern organizations. The module enables learners to understand the principles, concepts, and procedures of cost accumulation, classification, allocation, and control for effective managerial decision-making. It also develops students’ ability to prepare cost statements, analyze production costs, and apply appropriate costing methods in manufacturing and service organizations. Furthermore, the module equips students with competencies in budgeting, standard costing, variance analysis, marginal costing, and decision-making techniques necessary for planning, controlling, and evaluating business performance. By the end of the module, learners should be able to use cost accounting information to support efficiency, profitability, and strategic management within organizations.
Learning outcomes
By the end of this module, learners should be able to:
• Explain the concepts, objectives, and importance of cost accounting in organizations.
• Classify and analyze different types of costs for managerial decision-making.
• Apply inventory valuation and stock control techniques in material costing.
• Compute labour and overhead costs using appropriate costing methods.
• Prepare cost statements and apply various methods of costing in business operations.
• Analyze break-even points and apply marginal costing techniques in decision-making.
• Prepare budgets and evaluate organizational performance using budgetary control systems.
• Calculate and interpret variances under standard costing systems.
• Use cost accounting information to support planning, control, and strategic decisions.
Lecturer contact
Assistant Lecturer at University of Kigali, School of Business Management and Economics: Mr MUDAKEMWA Augustin, amudakemwa@uok.ac.rw , +250785818622
- Teacher: AUGUSTIN MUDAKEMWA