Description:

This course is designed to provide students with an understanding of cost accounting principles and practices. It focuses on analyzing and managing costs within an organization to support decision-making processes. Students will learn various cost accounting techniques, such as cost allocation, cost-volume-profit analysis, budgeting, and relevant costing.

Key Highlights:

• Introduction to cost accounting concepts
• Methods of cost allocation
• Cost-volume-profit analysis and break-even analysis
• Budgeting and variance analysis
• Relevant costing and decision making

What you will learn:

• Introduction to Cost Accounting
  This module provides an overview of cost accounting and its importance in decision-making within organizations.
• Methods of Cost Allocation
  You will learn various methods of cost allocation, including direct costing, absorption costing, and activity-based costing, and understand their applications.
• Cost-Volume-Profit Analysis and Break-Even Analysis
  This section focuses on analyzing cost behaviors, calculating break-even point, and performing cost-volume-profit analysis.
• Budgeting and Variance Analysis
  You will learn about budgeting techniques, preparing budgets, and analyzing variances to control costs and improve performance.
• Relevant Costing and Decision Making
  This module covers the concept of relevant costing and its application in managerial decision-making processes.