Free basic accounting course: main components of cost accounting
Learn about the components of cost accounting as well as the various ways to classify costs. Topics include marginal cost, break-even point analysis and CVP.
This free online course in cost accounting provides a comprehensive guide to 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 how to calculate and analyse the break-even point using different relevant case studies.
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.
Course assessment
