Cost Accounting Overview

(9 Reviews)

12 Students

Course Overview:

The Cost Accounting Overview course is designed to introduce learners to the fundamental principles, methods, and practices used in cost accounting. It explores how organisations measure, control, and analyse costs to support internal decision-making, budgeting, and performance evaluation. This course serves as a foundation for finance professionals, accountants, and business managers who want to better understand cost behaviour, cost allocation, and profitability analysis.

Key Features:

  • Beginner-friendly, no prior cost accounting experience needed
  • Real-world examples and interactive case studies
  • Downloadable templates and practice problems
  • Short video lectures with lifetime access
  • Certificate of Completion
  • Instructor Q&A and support forum

Learning Outcomes:

By the end of this course, you will be able to:

  • Understand the role and purpose of cost accounting
  • Differentiate between fixed, variable, and mixed costs
  • Apply cost classification techniques in various business settings
  • Prepare cost sheets, budgets, and standard costing reports
  • Analyse cost behaviour and its impact on decision-making
  • Perform basic variance analysis and break-even analysis

Who Should Take This Course?

  • Aspiring accountants and finance students
  • Small business owners and entrepreneurs
  • Entry-level professionals in finance, operations, or business
  • Anyone preparing for professional exams like CMA, ACCA, or CPA
  • MBA students seeking a refresher on cost concepts

Assessment:

  • Multiple-choice quizzes at the end of each module
  • Practical assignments using real-world scenarios
  • Final assessment to evaluate comprehension
  • Graded project: Prepare a simplified cost analysis for a sample company

Requirements:

  • Basic understanding of financial accounting is helpful
  • No formal prerequisites required
  • Access to spreadsheet software (Excel or Google Sheets) is recommended

FAQs:

Q: Is this course suitable for complete beginners?
A: Yes. It is designed with beginners in mind and builds concepts from scratch.

Q: Will I get a certificate?
A: Yes, a digital certificate will be issued upon successful course completion.

Q: Can I access the course on mobile?
A: Yes, the course is accessible on any device, including mobile, desktop, or tablet.

Q: How long does it take to complete?
A: Approximately 6–8 hours, self-paced.

Q: Are there downloadable resources?
A: Yes. You’ll get access to cost sheets, templates, and case study documents.

Additional Support:

  • Access to discussion forums and peer interaction
  • Monthly live Q&A with the instructor
  • Option to upgrade for one-on-one mentoring sessions

Course Curriculum

Module 1: Introduction to Cost Accounting

What Is Cost Accounting?

Importance vs Financial Accounting

Types of Costing Methods

Direct vs Indirect Costs

Fixed, Variable, and Semi-Variable Costs

Controllable vs Uncontrollable Costs

Job Order Costing

Process Costing

Activity-Based Costing

Overhead Allocation Techniques

Departmental Costing

Marginal And Absorption Costing

Break-Even Point

Contribution Margin

Target Profit Analysis

Setting Standards

Material, Labor, And Overhead Variances

Sales Variances and Profit Reconciliation

Operating Budgets

Flexible Budgets

Budgetary Control

Cost Accounting Overview

£25

Certificate

Yes

Unit

20

Quiz

2