Presented by Niels Lennon, Ass. Professor, AAU Business School

This course, based on 'Management and Cost Accounting' by Bhimani, explores the nuances of costing for both financial accounting and internal management. You'll distinguish between financial and management accounting, understand the difference between expenditures and costs, and delve into how costs shape internal decisions and financial reporting. Additionally, you'll explore the company's value cycle and its relation to cost calculations. Ultimately, you'll grasp the fundamental purposes of using costs for control, performance evaluation, and supporting management decisions.