- Description
- Curriculum
- Reviews
This course is designed to equip candidates with the essential knowledge, skills, and attitudes necessary to apply the principles of cost estimation and cost and management accounting techniques for effective decision-making. Through this course, candidates will learn to estimate costs, analyze product costs, prepare cost statements, and utilize budgetary control processes to optimize organizational performance.
Learning Outcomes
Upon successful completion of this course, candidates will be able to:
- Estimate the Cost of Goods and Services: Apply cost estimation techniques to determine the costs associated with producing goods and providing services.
- Analyze Product Costs for Manufacturing and Non-Manufacturing Activities: Evaluate and manage costs related to both manufacturing and non-manufacturing operations.
- Prepare Marginal and Absorption Cost Statements: Develop and interpret cost statements using marginal and absorption costing methods to support internal decision-making.
- Analyze an Organization’s Activities Through Budgetary Control Processes: Implement budgetary control techniques to monitor and manage organizational activities and performance.
- Analyze Variances for Decision Making: Conduct variance analysis to identify deviations from planned performance and inform strategic decision-making.
Course Content Overview
- Cost Estimation Techniques
- Product Cost Analysis for Manufacturing and Non-Manufacturing Activities
- Marginal and Absorption Costing Methods
- Budgetary Control Processes
- Variance Analysis for Decision Making
This course is ideal for individuals seeking to enhance their understanding of cost and management accounting practices and apply these skills in business environments. It is particularly suitable for accountants, financial managers, and decision-makers involved in cost management and financial planning. By the end of this course, candidates will be well-prepared to apply cost estimation and management accounting techniques to support effective decision-making and drive organizational success.
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1Definition and scope of Cost and Management accountingVideo lesson
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2Role of Management Accounting in decision makingVideo lesson
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3Users of Management accounting informationVideo lesson
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4Cost accounting as a subset of management accountingVideo lesson
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5Management accounting and financial accountingVideo lesson
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6Difference between management accounting and financial accountingVideo lesson
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7Management accountant and other managersVideo lesson
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8Limitations of management accountingVideo lesson
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19Introduction to Material costingVideo lesson
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20Objectives of material controlVideo lesson
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21Essential requirements of material control systemVideo lesson
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22Centralised and decentralized purchasingVideo lesson
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23Periodic inventory systemVideo lesson
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24Perpetual inventory systemVideo lesson
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25Setting stock levelsVideo lesson
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26Factors influencing stock levelsVideo lesson
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27Relevant cost for inventory managementVideo lesson
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28The Economic Order QuantityVideo lesson
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29Valuing inventory issues using FIFOVideo lesson
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30Valuing inventory issues using LIFOVideo lesson
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31Valuing inventory issues using Standard MethodVideo lesson
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32Valuing inventory issues using Weighted AverageVideo lesson
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33Valuing inventory issues using Simple AverageVideo lesson
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34Accounting for direct labour costVideo lesson
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35Accounting for overhead costVideo lesson
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36Meaning of activity-based costingVideo lesson
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37Distinction between activity-based costing and the Traditional absorption costingVideo lesson
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38Classification of cost driversVideo lesson
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39The hierarchy of cost driversVideo lesson
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40Overhead absorption rates - ABCVideo lesson
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41Income statements - one unitVideo lesson
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42Income statement - total output/salesVideo lesson
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52Introduction to C-V-P analysisVideo lesson
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53Assumptions of C-V-P analysisVideo lesson
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54Break-even chartVideo lesson
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55Profit-volume chartVideo lesson
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56Single product C-V-P analysisVideo lesson
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57Multiple product C-V-P analysisVideo lesson
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58Limitations of C-V-P AnalysisVideo lesson
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59Applications of marginal costingVideo lesson

Archive
Working hours
Monday | 9:30 am - 6.00 pm |
Tuesday | 9:30 am - 6.00 pm |
Wednesday | 9:30 am - 6.00 pm |
Thursday | 9:30 am - 6.00 pm |
Friday | 9:30 am - 5.00 pm |
Saturday | Closed |
Sunday | Closed |