Certification in Cost Accounting and Management

Complete guide applicable to Cost accounting and Management and it’s different concepts

Created by: Human and Emotion: CHRMI
E Learning, Consulting, Leadership Development

What Will I Learn?

• You will learn the key factors in Cost management and Accounting, Scope of cost accounting, its differentiation in between the financial accounting.
• Role of cost accounting in accounting and Cost accounting system. Introduction to the Input and output costing.
• Material Control which includes the FIFO method and LIFO method. Costing and control of labor. Introduction to Overheads and Behavior wise classification.
• Learn about the marginal costing and Absorption costing, CVP analysis. PV Ratio, Break even point. Break even analysis.
• Advantages of break-even analysis. Algebraic method. Variance Analysis and different types of the variance.
• Learn about budgetary control and different types of the budgeting, benefits of Zero-based budgeting. Introduction to the management accounting.
• Relationship of cost, financial and management accounting.
• You will also learn about ratio analysis. Fund flow analysis and cash flow analysis.
• Preparation of the cash flow statement, direct method and indirect method.
• Discover how to get the knowledge of Introduction to recent development in cost management.
• Activity based costing. Transfer pricing. Target costing. Tools and Techniques.

Requirements

• You should have an interest in Cost management and accounting
• An interest in input and output costing. Material control. Overheads and Marginal costing and absorption costing.
• Be interested in getting the knowledge of variance analysis and budgetary control. Analysis of financial statement.
• Have an interest in understanding the ratio analysis, fund flow analysis, cash flow analysis. Recent development in cost management. And introduction to management accounting.

Target audience

• Professionals with cost management and accounting knowledge who wants to see themselves well established in the cost accounting department jobs.
• New professionals who are looking to see them successful in preparation of the accounting statements.
• Existing cost accounting professional who is looking to get more engagement and innovation from their teams and organizations