Part 3	Accounting for Cost Flows
	by Rune Lönnqvist

Accounting for cost flows and feedback information to support the evaluation of business activities.

Accounts and codes - a new accounting technique The need for information and the structure of the accounting system Responsibility accounting

• direct and indirect departmental costs
• cost allocation between departments
• cost allocation by transfer prices

Product cost accounting systems

• product-costing systems in trading companies
• product-costing systems in service companies
• product-costing systems in manufacturing companies - a basic model
• job-order costing
• process costing
• standard-costing

Accounting for cost of capital

• cost of capital in accounting
• calculation of cost of capital

Accounting for price-level changes

• measuring income
• depreciation under inflation
• replacement cost depreciation and cost of capital

Course material:

• Textbook (120 pp.)
• Twenty-nine exercises with solutions.
• Five cassette tapes with approx. 6.0 hours of comments on the exercises.
• A computer program for accounting.