Diploma in Cost Accounting

This free online course provides a comprehensive guide on the importance of financial management and the components of cost accounting. Learn about ways cost can be classified along with the functions of marginal cost. You will also learn about the importance of having a budgetary control system in an organization and the formulas for calculating material cost labour variance. Start this course now and improve your cost accounting knowledge.

What You Will Learn In This Free Course

Introduction to Cost Accounting

This module will introduce you to the important steps of financial management along with cost accounting, You will learn about the various ways cost can be classified, the components of cost volume profit analysis as well as the different methods of calculating profit equation and contribution margin.

Breakeven Point and Sensitivity Analyses in Cost Accounting

This module will introduce you to the application of breakeven point as well as how to carry out sensitivity analysis in cost accounting. You will learn how decisions on profit planning are reached by tweaking sales processes along with the various costs that aid decision making.

Cost Accounting Case Studies

This module will introduce you to how marginal costs, variable costs, cost volume profit, and the breakeven point are calculated using real-life scenarios. You will learn how the calculation of breakeven point helps a company to project for the future as well as to make decisions.

Diploma in Cost Accounting – First Assessment

You need to score 80% or more to pass.; Module

Introduction to Budgeting

This module will introduce you to the meaning and functions of budgeting as well as budgetary control. You will learn about why it is important to have a budgetary control system in an organization along with the various functions of the different types of budgeting in cost accounting.

Types of Costing and Variance Analysis

This module will introduce you to standard costing as well as the concept of variance. You will learn about the types of standards, the steps of standard costing, the formulas for calculating material cost variance along with labour variance, and the impacts of overhead variance in cost accounting.

Diploma in Cost Accounting – Second Assessment

You need to score 80% or more to pass.; Module

Course assessment