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First Steps Into Management Accounting

£28.86

This course includes lifetime access so you can complete it at your own speed. This course is designed for those interested to learn the basics of management accounting, understand theory and business terms like costs, breakeven analysis and inventory methods to name a few. Benefits of taking this course include: Unlimited and lifetime access to the course Learn the course at your own pace Course can be accessed on any platform 24/7 Customer support

SKU: 269977 Category:

Description

Business

Description

The First Steps Into Management Accounting course will show you that management accounting is not as confusing and boring as you think. The course consists of short, clear and easy to understand theory, explained examples and examples to check your knowledge.

With this course, the learning process is just a piece of cake. Just take a cup of coffee, tea or some other favorite drink and let me convince you that the process of learning management accounting can be as pleasant as doing your favorite hobby.

What you’ll learn:

  • Manufacturing and non-manufacturing costs
  • Product and period costs
  • Direct and indirect costs
  • Fixed, variable and mixed costs
  • Breakeven analysis
  • Marginal costing
  • Absorption costing
  • First in first out method
  • Weighted average method
  • Job order costing
  • Process costing
  • Predetermined overhead rate
  • Over-absorption and under-absorption of overheads

Who this course is for:

  • Students
  • Accountants
  • Managers
  • Business owners
  • Everyone who wants to expand their business competence and confidence

The First Steps Into Management Accounting will cover the following topics:

Section 1 – Introduction

  • Meaning Of Management Accounting – Short And Clear Explanation
  • Manufacturing Costs And Non-Manufacturing Costs
  • Product Costs And Period Costs
  • Direct Costs And Indirect Costs
  • Test Your Knowledge Of Costs

Section 2 – A Close Look At The Concept Of Breakeven Analysis

  • Fixed Costs, Variable Costs And Mixed Costs
  • Fixed Costs And Variable Costs – Example
  • Breakeven Analysis
  • Breakeven Analysis – Example
  • Test Your Knowledge Of The Concept Of Breakeven Analysis

Section 3 – Methods For Inventory Valuation

  • First In First Out Method Or FIFO
  • Weighted Average Method

Section 4 – Become Familiar With Different Costing Methods

  • Job Order Costing – Theory And Example
  • Process Costing
  • Process Costing – Example
  • Marginal Costing
  • Marginal Costing – Example
  • Absorption Costing
  • Absorption Costing – Example
  • Exercise Your Knowledge Of Marginal Costing And Absorption Method

Section 5 – The Process Of Overhead Allocation

  • Predetermined Overhead Rate
  • Predetermined Overhead Rate – Example
  • Exercise Your Knowledge Of Overhead Allocation