A Program produced to introduce the principles of Cost Accounting so that they can be applied both to academic problems and in practical business situations.
Cost Accounting is a discipline that originally arose out of costing and estimating practices in engineering. Its historical context has been manufacturing, but increasingly. Cost Accounting is being successfully implemented in service industries and not-for profit organizations with significant results. This reflects the fact that today Cost Accounting is vital to all modern businesses which face growing competition.
The study of this Program should be of particular benefit to students of professional accounting bodies, those studying undergraduate and also postgraduate courses in business and management and accounting fields where knowledge of Cost Accounting principles is required; and to professionals and managers who require a working knowledge of the principles of Cost Accounting.
Course Outline
- Module 1: An Introduction
- Module 2: Essential Cost Accounting Terminology
- Module 3: Cost Behaviour
- Module 4: Accounting for Labour Costs
- Module 5: Accounting for Material Costs
- Module 6: Absorption costing
- Module 7: Activity Based Costing
- Module 8: Marginal Costing Systems
- Module 9: Marginal Costing Short-term Decision Making
- Module 10: Planning and Budgeting
- Module 11: Standard Costing and Variance Analysis
- Module: 12 Capital Investment Appraisal
