Cost accounting E-Learning & Certification: Cost accounting includes recording, analyzing and reporting costs to the management department. The goal of this type of accounting is to gain an insight into the cost structure of a business that can be used to better manage it and thus improve profitability. Cost accounting is especially useful for understanding which parts of a business are profitable and which need improvement. Unlike financial accounting, this type of accounting is primarily intended for internal operational activities. Cost accounting is the process of tracking, recording and analyzing costs attributed to a company’s products or services. In modern accounting, costs are measured based on generally accepted accounting principles (GAAP). (GAAP) records historical events and assigns a monetary value to them. Costs are measured based on current currency. Cost accounting can be defined as a type of management accounting that converts the resource chain (a set of events related to product production) into financial values. Managers use cost accounting to support decision-making about reducing company costs and increasing profitability.

What’s in the course E-Learning & Certification You will learn cost accounting:

+ The best managerial accounting course + Prepare for the Business Environment and Concepts (BEC) section of the CPA exam + Identify and explain the types and streams of production and non-production costs + Apply the overhead cost using the job order costing system + Apply the overhead cost with Apply using an activity-based costing system + Apply overhead costing using a process costing system + Make a basic budget + Make a flexible budget

Other topics:

+ Understand and apply standard costs + Analyze variances and take appropriate actions + Calculate and analyze ROI + Calculate and analyze residual income + Create, use and evaluate the balanced scorecard + Time value of money + Calculate and apply the net present value (NPV) and payback method + Evaluate various investments + Evaluate future projects

Who is the cost accounting course suitable for?

+ Small Business Owners

Prerequisites of this course:

+ Prepare your speakers, grab a pen and paper and take notes.