Advanced Cost Accounting Theory and Techniques

Advanced Cost Accounting Theory and Techniques
at
Alison
Overview

Learn and discover all about advanced cost accounting theory and its techniques in this free online course

Table of contents

Skills you will learn

What are the course deliverables?

Define ?cost accounting?
Identify the purpose of cost accounting
Describe different costing systems
Classify different types of costs
Compare cost behaviour
Classify costs according to type and behaviour
Describe the purpose of management accounting
Explain standard costing and its significance to planning and performance management
Define variance analysis for various types of organisational costs
Identify relevant costs and their treatments within the context of cost accounting

More about this course

This cost accounting course provides an overview of advanced costing theory and its techniques
You will learn to classify costs and recognise cost behaviour
This insight will enable you to analyse cost-volume-profit dynamics and report on activity-based costs
In addition, you will be able to apply your understanding of cost elements in other value-adding organisational activities such as budgeting and variance analysis
This advanced cost accounting course covers the basic definitions and cost theories that provide a granular understanding of its behaviour
In addition, we will discuss the techniques used to classify and analyse cost elements, report on cost structures and the effect of changes in activity levels
We will guide the learners through marginal costing concepts and the application of marginal and fixed cost classifications in profit-volume analysis
We will further analyse the marginal costing theory by incorporating an evaluation of alternative situations based on a type of marginal cost referred to as relevant costs