Introduction to Cost Accounting

Overview

What does it cost for future success?

Discover the tool that provides information on how to better understand costs in your business. Be able to make distinctions between the different types of costs and how they behave with different activity levels. You can recognize these quick cost accounting techniques as a value-added enhancing tool.

Acquire new skills to demonstrate proficiency in cost accounting:

• Rationales for costing
• Appropriate costing for decision making
• Direct and indirect costs
• Cost behaviour and cost drivers
• Variable and fixed costs

Gain experience with detailed exercises.

The practical hands-on exercise uses real-world examples and are designed to give you real-world knowledge on how to apply daily cost accounting principles.

This is a standalone course but if you're interested in more of this type of learning while earning a designation, explore the CGMAr Finance Leadership Program.

Highlights

Key Topics

• Importance of understanding cost
• Direct and indirect costs
• Cost behaviour and cost drivers

Prerequisites

None

Designed For

Who Will Benefit

• Global accounting and finance professionals
• Management accounting professionals
• CPAs
• Supply chain professionals

Objectives

Learning Outcomes

• Identify the impact that different approaches to identifying the costs of products or services have
• Discuss when it is appropriate to make distinctions between different types of costs and how this knowledge helps management accountants state the 'unit cost' of a cost object and informs decision-making.
• Identify how costs will behave at different activity levels.