Why this course?

Description

Description:

This course is designed to provide an in-depth understanding of cost and management accounting principles and practices. It covers cost concepts, and the techniques used to measure, analyze, and control costs in order to improve the efficiency and profitability of an organization. Additionally, the course will cover topics such as costing methods, budgeting, performance evaluation, and decision-making.

Key Highlights:

• Comprehensive coverage of cost accounting principles
• In-depth discussion of management accounting techniques
• Real-world case studies for practical application
• Interactive learning through quizzes and assignments

What you will learn:

• Understand cost and management accounting concepts and principles
  Learn the basic concepts and principles of cost and management accounting, including cost concepts, cost-volume-profit analysis, and cost behavior.
• Explore costing methods and cost systems
  Examine different costing methods and cost systems, such as job costing, process costing, and activity-based costing, and understand their use and applicability.
• Understand budgeting and performance evaluation
  Learn how to prepare budgets and use them for performance evaluation and control, including the use of variance analysis and performance reports.
• Develop decision-making skills based on cost and management accounting data
  Understand the role of cost data in decision-making and learn how to use cost data to make informed business decisions.

 

Curriculum

• Discuss the functions and role of cost accounting department in an organization.
• Discuss the essentials of cost and management accounting and to know how a system of cost accounting is installed.
• Differentiate between cost accounting with financial accounting and management accounting.
• List the various elements of cost and the way these are classified.
• Discuss the concept of cost reduction and cost control.
• Discuss the methods and techniques of costing.