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MANAGEMENT ACCOUNTING

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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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Course details
Lectures 65
Level Intermediate

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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
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