Fundamentals of Insurance and Risk Management

Certificate in Essentials of Cost Accounting

The course aims to provide the learner with a full-fledged knowledge in Cost Accounting processes, to be applied in real life scenarios.

The learning focuses on ascertainment and analysis of Costs of Products/ Services/ Processes. It covers various techniques viz Process Costing, Job and Batch Costing, Marginal Costing and Cost Volume Profit Analysis, Standard Costing and Variance Analysis, Activity Based Costing. Learner will get and understanding of calculating costs under given scenarios. It also prepares the learner to analyse the variances and apply corrective measures. The process of preparing budgets and controlling the variances if any, is also included.

Case studies/ examples are added to give a scenario of real life. The learner will be better benefited if the learner is familiar with real life scenarios which will help connect with theoretical knowledge.


Course Objectives

  • Describe the Costing concepts and processes
  • Explain the costing techniques for calculating costs for processes involved in a business
  • Explain the concepts of Job and Batch Costing
  • Elaborate the techniques of Marginal Costing and CVP Analysis
  • Elaborate the Standard costs and variances
  • Explain the Activity Based Costing
  • Describe the processes of Budget and Budgetary Control


Learning Outcomes

  • Recognise the Costing concepts and processes
  • Summarise the costing techniques for calculating costs for processes involved in a business
  • Summarise the concepts of Job and Batch Costing
  • Review the techniques of Marginal Costing and CVP Analysis
  • Summarise the Standard costs and variances
  • Summarise the Activity Based Costing
  • Outline the processes of Budget and Budgetary Control


Who Should Attend?

  • B.Com, M.Com, MBA or BBA graduates
  • Accounting professionals


Learning Access

  • Handbooks
  • Lecture Slides
  • Videos
  • Quizzes

 

Course Duration

12 Weeks / 40 Hours

 

Examination

Exam Duration

90 Minutes

Number of Questions

45

Total Marks

100

Types of Questions

Multiple Choice Questions

Pass Percentage

50% (min)

Exam Pattern

Online

 

Certification

After completing this course and successfully passing the certification examination, the student will be awarded the    “Essentials of Cost Accounting” certification.


If a learner chooses not to take up the examination, they will still get a 'Participation Certificate'


  • Basics of Cost Accounting
  • Cost Sheet
  • Absorption Costing and Variable Costing
  • Process Costing
  • Material Control
  • Pricing the Material issues
  • Classification of Overheads
  • Apportionment of Overheads
  • Job Costing
  • Batch Costing


  • 40 hours of high-quality eLearning
  • 12 Hrs Face to face delivery
  • High Student Engagement Platform - KRACKiN
  • Student e-Portfolio
  • Project/Case studies
  • Hands-on exercises
  • End module assessments
  • Dedicated Learning Advisors for training
  • 24x7 Online LMS

After the successful completion of this course, applicants can look for opportunities as:

  • Accounts & Finance Manager
  • Cost Accountant
  • Accounts & Finance Executive
  • Manager Costing
  • Costing Officer
  • Accounts Officer
  • Cost Controller
  • Account Assistant
  • Financial Accountant

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