Cost Accounting and Management Essentials

Financial & Managerial Accounting

Certificate

The course introduces some of basic and applied level concepts of cost accounting, using real world business applications and examples. The course teaches cost accounting concepts and tools that could be applied directly in the workplace

Required

- Basic Finance/Accounting/Management Knowledge

Daw Nang Mo Hom Noon

Instructor (Matrix College)
Mergers & Acquirstion Consultant Director, CFO (Hysan Education Co.Ltd)
Co-founder (Black Sea Food)

Campus

18 hours

Matrix Curriculum

Intermediate

By the end of this course, participants will have achieved the following learning outcomes:
o Understand the difference between Cost Accounting (Managerial Accounting) vs. Financial Accounting o Differentiate different types of costs correctly
o Apply different types of cost accounting and uses for different businesses
o Understand different types of inventory valuation, advantages and disadvantages
o Analyze basic variance analysis and Cost-Volume-Profit (CVP) models
o Describe the Lean Accounting Concept
o Understand how cost accounting can lead to management decisions

Not Available

75 %

Cost accounting is a type of managerial accounting that focuses on the company’s internal cost calculation and control systems. Cost accounting is very important tool for accountants to understand as it provides an informed decision for management to review the production, overhead, and service, and inventory costs used by various types of businesses. In this course, participants will learn the basic and applied level concepts of cost accounting, different techniques used in cost accounting, potential pitfalls, project cost management, and analytical tools used in Cost Accounting to be applied in the workplace.

Lecture, Excel Application

∆ Cost Accounting vs. Financial Accounting ∆ Types of Costs (Variable vs. Fixed, Direct vs. Indirect) ∆ Inventory Valuation Basics · Costing Methods (Marginal Costing, Activity Based Costing) ∆ Production costing (Job Costing, Process Costing) ∆ Standard Costing and Variance Analysis ∆ Introduction to Lean Accounting ∆ Cost-Volume-Profit Model Basics ∆ Introduction to Project Cost Management

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