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Diploma in Managerial and Cost Accounting

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Overview This excellent Diploma in Managerial and Cost Accounting (USA standards) will teach you all the fundamentals of becoming a …

Overview

This excellent Diploma in Managerial and Cost Accounting (USA standards) will teach you all the fundamentals of becoming a Cost Accountant. Cost accounting is the procedure of recording, classifying, analysing, summarising, allocating, and evaluating a range of courses of action for the control of costs. Cost accounting is very important, and ensures that businesses stay within their means, and do not overspend. It also helps management to plan for the future, and allocate money to the various parts of their business.

This Diploma in Managerial Cost Accounting will prepare you for employment within this exciting industry, and will allow you to become highly skilled when it comes to cost accounting. The course covers a whole range of exciting topics, including: Overview of Managerial Accounting, Planning and Directing, Key Components of Cost, and Cost of Flow Concept. Become a successful Cost Accountant with this excellent course.

Learning with Study 365 has many advantages. The course material is delivered straight to you and can be adapted to fit in with your lifestyle. It is created by experts within the industry, meaning you are receiving accurate information, which is up-to-date and easy to understand.

This course is comprised of professionally narrated e-Learning modules, interactive quizzes, tests, and exams. All delivered through a system that you will have unlimited access.

Please Note: This Course is Based on USA Standards

  • What will I learn?
  • Course Description:
  • Course Duration:
  • Method of Assessment:
  • Certification:
  • Entry Requirement:
  • Career Path:
  • Common Financial Statement related issues faced by Manufacturers
  • Understand Planning and Directing, and Controlling
  • Key Components of Cost
  • Product cost vs. Period cost

This online training course is comprehensive and designed to cover the key topics listed under the curriculum.

You will have unlimited access to your online study platform from the date you purchased the course. The course is self-paced so you decide how fast or slow the training goes. You can complete the course in stages revisiting the training at any time.

At the end of the course, learners will take an online multiple choice question assessment test. The online test is marked straight away, so you will know immediately if you have passed the course.

Successful candidates will be awarded a certificate for Diploma in Managerial and Cost Accounting.

Learners must be age 16 or over and should have a basic understanding of the English Language, numeracy, literacy, and ICT.

With this Diploma in Managerial and Cost Accounting you will be able to demonstrate skills which are highly desirable for anyone hoping to become a Cost Accountant. The average Cost Accountant in the UK earns around £30,496 a year, and this will increase with experience (payscale.com).

With this course, you could fulfil any of the following roles:

  • Cost Accountant
  • Management Accountant
  • Accountant Assistant
  • Project Cost Accountant

Course Curriculum

Getting Started
E Certificate Download Guide 00:00:00
1: Overview of Managerial Accounting
1. Overview of Managerial Accounting
What is Managerial Accounting?
2: Planning and Directing
2. Planning and Directing
Decision Making Variable
Planning Procedure
Strategy Preparation
Positioning Strategy
Types of Budgets
Compoenents of Directing
3: Controlling
3. Controlling
Monitoring Elements
Scorecard Technique
4: Key Components of Cost
4. Key Components of Cost
Direct Material Cost
Direct Labor Cost
Manufacturing Overhead Cost
5: Product cost vs. Period cost
5. Product cost vs. Period cost
What is Product Cost?
What are Period Costs?
6: Common Financial Statement related issues faced by Manufacturers
6. Common Financial Statement related issues faced by Manufacturers
Raw Material Scheduling
Work-in-progress Scheduling
Schedule for Cost of Goods Manufactured
Cost of Sales Schedule
Income Statement
7: Cost of Flow Concept
7. Cost of Flow Concept
Analyzing the Concept
Critical Thinking made on the concept
Mock Exam
Mock Exam: Diploma in Managerial and Cost Accounting 00:30:00
Final Exam
Exam: Diploma in Managerial and Cost Accounting 00:30:00

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