Learn about the components of cost accounting, cost classification, and budgetary control from this free online course. This free online course provides a comprehensive guide on the importance of financial management and the components of cost accounting. Learn about ways cost can be classified along with the functions of marginal cost. You will also learn about the importance of having a budgetary control system in an organization and the formulas for calculating material cost labour variance. Start this course now and improve your cost accounting knowledge.
| College | Alison |
| Course ID | 188873 |
| Course Category | Accountancy, Business |
| Course Type | Online Learning |
| Course Qualification | CPD Diploma |
| Course Duration | 6-10 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | In This Free Course, You Will Learn How To • Discuss the concept of cost accounting and the types of cost in cost accounting • Explain cost volume profit analysis and the breakeven point • Recall how graphs are plotted for a fixed cost, the variable cost, and semi-variable cost • Explain how breakeven point analysis can be applied in cost accounting • Discuss the concept of sales mix and how to calculate the breakeven point of the sales mix • Explain the concept of sensitivity analysis and its importance in cost accounting • Discuss the concept of budgeting and the types of budgeting in cost accounting • Analyze the components and importance of a budgetary control system • Discuss the concept of zero-based budgeting and its application in cost accounting • Discuss the concept of variance as well as the types of variance |
| Course Code | 2706 |
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