Life Cycle of Costing
About This Course
Life cycle of costing is a method that records and accumulates the real costs and profits attributable to a cost item. This will mean monitoring costs and sales on a product-by-product basis. In any sector, costing is one of the most critical and fundamental knowledge fields. Profit is supposed to be the primary aim of every company, and profit is unquestionably a feature of cost. A company’s success is measured not only by its sales but, more importantly, by how it handles its costs. Businesses struggle due to unregulated prices, not a lack of sales. It is important to first consider the costs before attempting to regulate them. Items, procedures, structures, organizations, and operations all have costs. Students will gain a foundation in the skills required for further accounting studies, office work, and running their own company in this course. These skills are necessary for any student planning to major in business in college or enter the business world successfully. The course will help students gain a greater understanding of the value of accounting in running a successful business. It covers fundamental cost accounting principles and introduces students to methods for evaluating an organization’s performance and profitability
- 11 on demand videos
- Downloadable exercise files
- Lifetime Access
- Certificate of Completion
- No prior accounting knowledge is necessary to learn this course.
- Basic fundamentals of Mathematics will help.
- Finance students, managers, accountants or anyone who wants to upgrade their skill in the area of accounting.
- Learn this course if you want to understand the principles and concept of costing.