Cost Accounting

Micro-Credentials

Cost Accounting

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  • Study Hours

    Study Hours

    150 Hours

  • Total Fee

    Total Fee

    £275.00

  • Delivery

    Delivery

    Online

  • Modality

    Modality

    Self Paced

Programme Overview

Cost accounting is a subset of managerial accounting that focuses on costs. Unlike financial accounting, which provides information to external financial statement users, cost accounting is used internally by management and is not required to adhere to set standards; therefore, it can be flexible to meet the needs of management. This course covers best practices and proven theories that underlie tracking and allocating costs so that management can make fully informed business decisions.                

Learning Outcomes

  1. Describe the scope and function of cost accounting.
  2. Identify various cost behaviours as part of performing cost-volume-profit analysis.
  3. Identify and apply methods of inventory valuation and management.
  4. Apply cost methods to product pricing issues.
  5. Demonstrate an understanding of cost analysis techniques

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