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
Module 2: Cost Classification and Types
Direct vs Indirect Costs
Fixed, Variable, and Semi-Variable Costs
Controllable vs Uncontrollable Costs
Module 3: Costing Methods
Job Order Costing
Process Costing
Activity-Based Costing
Module 4: Cost Allocation And Absorption
Overhead Allocation Techniques
Departmental Costing
Marginal And Absorption Costing
Module 5: Cost-Volume-Profit (Cvp) Analysis
Break-Even Point
Contribution Margin
Target Profit Analysis
Module 6: Standard Costing And Variance Analysis
Setting Standards
Material, Labor, And Overhead Variances
Sales Variances and Profit Reconciliation
Module 7: Budgeting And Forecasting Basics
Operating Budgets
Flexible Budgets
Budgetary Control
