Cost and Management Accounting
This course is designed to provide an in-depth understanding of cost and management accounting principles and practices.
Updated on May, 2024
Language - English
Lectures -13
Duration -2 hours
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Course Description
This course is designed to provide an in-depth understanding of cost and management accounting principles and practices. It covers cost concepts, and the techniques used to measure, analyze, and control costs in order to improve the efficiency and profitability of an organization. Additionally, the course will cover topics such as costing methods, budgeting, performance evaluation, and decision-making.
Key Highlights:
- Comprehensive coverage of cost accounting principles
- In-depth discussion of management accounting techniques
- Real-world case studies for practical application
- Interactive learning through quizzes and assignments
Curriculum
- Discuss the functions and role of the cost accounting department in an organization.
- Discuss the essentials of cost and management accounting and know how a system of cost accounting is installed.
- Differentiate between cost accounting with financial accounting and management accounting.
- List the various elements of cost and the way these are classified.
- Discuss the concept of cost reduction and cost control.
- Discuss the methods and techniques of costing.
Goals
What will you learn in this course:
- Understand cost and management accounting concepts and principles
Learn the basic concepts and principles of cost and management accounting, including cost concepts, cost-volume-profit analysis, and cost behavior.
- Explore costing methods and cost systems
Examine different costing methods and cost systems, such as job costing, process costing, and activity-based costing, and understand their use and applicability.
- Understand budgeting and performance evaluation
Learn how to prepare budgets and use them for performance evaluation and control, including the use of variance analysis and performance reports.
- Develop decision-making skills based on cost and management accounting data
Understand the role of cost data in decision-making and learn how to use cost data to make informed business decisions.
Curriculum
Check out the detailed breakdown of what’s inside the course
Cost and Management Accounting
13 Lectures
-
Introduction to cost and management accounting
20:06
20:06
-
To do cost reduction, the following action is taken
04:44
04:44
-
Assisting management in decision making, scope of accounting, relationship with cost and management accounting
17:47
17:47
-
Cost accounting and financial accounting,Cost and management accounting with financial management
14:06
14:06
-
Role and function of cost and management accounting,users of cost and management accounting, External Users
14:02
14:02
-
Essential of a good cost accounting system, installation of costing system
10:06
10:06
-
Continuation of installation of costing system, Cost accounting with the use of information technology,
08:07
08:07
-
Cost objects,Cost units
07:42
07:42
-
Cost driver, responsibility centre
06:20
06:20
-
Limitations of cost accounting, classification of costs
06:52
06:52
-
Graphical method
03:47
03:47
-
Analytical method
02:44
02:44
-
Comparison by period or level of activity method, methods of costing, techniques of costing
22:43
22:43
Instructor Details
Human & Emotion Learning
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