Introduction to Cost Accounting and Cost Classification
- Offered byAlison
Introduction to Cost Accounting and Cost Classification at Alison Overview
Duration | 4 hours |
Total fee | Free |
Mode of learning | Online |
Official Website | Explore Free Course  |
Credential | Certificate |
Introduction to Cost Accounting and Cost Classification at Alison Highlights
- Earn a certificate of completion from Alison
Introduction to Cost Accounting and Cost Classification at Alison Course details
- Discuss the concept of cost accounting and the types of cost in cost accounting
- Identify the different ways of classifying costs
- Explain cost-volume-profit (CVP) analysis and the break-even (B/E) point
- Explain how graphs are plotted for fixed, variable and semi-variable costs
- Analyze the formulas for calculating the profit equation and contribution margin
- Explain how break-even point analysis can be applied in cost accounting
- Discuss the concept of sales mix and how to calculate the break-even point of the sales mix
- Explain the concept of sensitivity analysis and its importance in cost accounting
- Explain how to calculate the profit-volume (PV) ratio
- Discuss the concepts of relevant versus sunk costs and make or buy decisions
- This free online course in cost accounting provides a comprehensive guide to 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 how to calculate and analyse the break-even point using different relevant case studies
- This course begins by introducing you to the important steps to consider in financial management as well as the different components of cost accounting
- You will learn about the various ways cost can be classified, the components of cost-volume-profit (CVP) analysis, the different methods of calculating profit as well as contribution margin, and the importance of marginal cost in cost accounting
- Learn about the different formulas for calculating profit and contribution margin in cost accounting, as well as how the CPV graph is plotted along with examples of how it applies to our daily lives
- Finally, the material introduces you to the function of the break-even (B/E) point as well as how it can be applied in accounting problems
- It will teach you about the functions of sensitivity analysis and under which condition the cost-volume-profit assumption can be changed
Introduction to Cost Accounting and Cost Classification at Alison Curriculum
Introduction To Cost Accounting
Introduction To Cost Accounting - Learning Outcomes
Introduction To Cost Accounting
Classification Of Cost
Marginal Costing
Cost Volume Profit Analysis
Margin Of Safety
Introduction To Cost Accounting - Lesson Summary
Breakeven Point And Sensitivity Analyses In Cost Accounting
Breakeven Point And Sensitivity Analyses In Cost Accounting - Learning Outcomes
Application Of Breakeven Point Analysis
Sensitivity Analysis
Case Of Ayur Pharma
Different Decison Scenarios And Profit Planning
Relevant Costs In Decison Making
Breakeven Point And Sensitivity Analyses In Cost Accounting - Lesson Summary
Cost Accounting Case Studies
Cost Accounting Case Studies - Learning Outcomes
Case Study: Breakeven Point
Case Study: JSW ISPAT Steel
Case Study On Projection: Divya Aushadhi Limited
Case Study: Shree Cements
Cost Accounting Case Studies - Lesson Summary
Course Assessment
Introduction To Cost Accounting And Cost Classification - Course Assessment
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