Business administration is the field of managing a company's operations, resources, and employees to ensure efficiency, profitability, and goal achievement, encompassing key functions like finance, marketing, and human resources. A business administration degree provides a broad, multidisciplinary education in these areas, preparing graduates for various roles in private or public sectors by developing strategic, analytical, and leadership skills.
- Teacher: Ivan Twang
Cost accounting is an internal financial process for tracking, analyzing, and managing a company's costs to improve operational efficiency, control spending, and inform decision-making regarding pricing, budgeting, and resource allocation. It classifies costs into categories like direct materials, labor, and overhead to understand the true cost of producing goods or services, unlike financial accounting, which is for external reporting and follows strict standards like the Generally Accepted Accounting Principles (GAAP)
- Teacher: Ivan Twang