Cost Management

EDUOLC
Last Update July 23, 2021
2 already enrolled

About This Course

This course is designed for learners to become expert users of cost information. The ultimate objective of any business is supposed to be profit and certainly profit is a function of cost.  The success of a business does not solely depend on its revenue but also more importantly on how a business manages its costs In this tutorial you will learn the various types of costing methods. We’ll walk you through the theory and practical examples used in different scenarios. You will understand the various aspects of costing method. You will see the cost terms and purposes and what cost accounting is all about and how it is relevant in the organizational scenario. Then we will look at the practical examples of costing. Further this course is going to cover definitions, theories, examples. In this course you will find great tools used in business that will aid the decision-making process. You will be able to identify and use important accounting information, identify and analyze various alternatives (projects, investments), and choose the best. Cost accounting will first measure and record the costs individually, then compare input costs to output results to aid in measuring financial performance and making future business decisions.

Learning Objectives

Skills you will Master :
Actual Costing
Normal Costing
Capacity
CVP Concepts
Cost Behavior
Operating Income
Cost Drivers
Absorption Costing
Variable Costing
Recon Factor
Joint Costing
Split Off Sales Value
Net Realizable Value
Constant Gross Profit
Physical Measure
Job and Process Costing
Activity Based Costing
Life Cycle Costing
Operation Costing
Backflush Costing
Overhead Costs
Supply Chain Philosophies
Theory of Constraints

Material Includes

  • 44 on demand videos
  • Downloadable exercise files
  • Lifetime Access
  • Certificate of Completion

Target Audience

  • This course is for finance students, managers, accountants or anyone who wants to upgrade their skill in the area of accounting and finance.
  • Learn this course if you want to understand the principles and concept of costing.
  • Take this course if you want to learn the various costing principles and methods.

Curriculum

44 Lessons4h 57m

Understanding Costing

Introduction00:05:48
Normal Costing Method00:08:38
Actual Costing Method00:06:50
What is Materiality?00:05:27

Capacity Utilization

CVP Concepts

Cost Behaviour

Operating income

Cost Drivers

Absorption Costing

Variable Costing

Recon Factor

Joint Costing

Split Off Sales Value

Net realizable value

Constant Gross Profit

Physical Measure

Job and Process Costing

Activity Based Costing

Life Cycle Costing

Operation Costing

Backflush Costing

Overhead Costs

Supply Chain Philosophies

Theory of Constraints

Your Instructors

EDUOLC

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$19.00$69.00

72% off
Level
All Levels
Duration 5 hours
Lectures
44 lectures
Language
English

Material Includes

  • 44 on demand videos
  • Downloadable exercise files
  • Lifetime Access
  • Certificate of Completion