Online Cost Accounting Course
This Cost Accounting Course Training is a comprehensive bundle of 5 comprehensive cost accounting courses with 14+ hours of video tutorials and Lifetime Access. Along with this, you also get verifiable certificates (unique certification number and your unique URL) when you complete these courses.
As a cost accountant, your job is very dynamic. Your primary objective is to reduce costs and to utilize the resources to an extent that you can monitor and control the cost of each cost center.
In this course, you will learn how to build the skills as a cost accountant and make your mark.
Online Cost Accounting Course
||Online Cost Accounting Course Bundle
||You get access to all 5 courses bundle.
||14+ Video Hours
||Basics of Cost Accounting, Cost Terms and Purpose, Cost Volume Profit Analysis, Types of Costing, Job Costing, Batch Costing, Activity Based Costing, Cost Allocation and Analysis, Profitability Analysis, Decision Making using Marginal Costing, Process Costing, Joint Product and By Product
|Excel Templates Included?
||Excel templates that were used are provided as a download
||Those who want to learn cost accounting can register for this online course. No eligibility as such.
||None (Basic accounting knowledge should help)
|What do you get?
||Certificate of Excellence for each of the 5 courses
||Course Completion Certificates
||Yes, you get verifiable certificates for each course with a unique link. These link can be included in your Resume/Linkedin profile to showcase your enhanced accounting skills
|Type of Training
||Video Course – Self Paced Learning
||Excel (2007 or above)
||1 GB RAM or higher
||Speaker / Headphone
Online Cost Accounting Course Curriculum
Before we talk about the prerequisites, target audience, and FAQs, let’s first look at the course curriculum –
||Cost Accounting 01: Getting Started
||This is the first module of the cost accounting course. In this module, first, you will get a brief overview of what cost accounting is all about and how it is relevant in the organizational scenario. Then, we will talk about the cost terms and purpose. Under the terms, you will learn the direct and indirect cost accounting, example of the behavior of the cost, cost function & cost estimation, the high low method, an example of the high low method of cost. Next, you will learn about the cost volume profit analysis. Under that, you will learn about what is CVP, CVP model assumptions, an example of CVP model analysis, contribution margin ratio, the margin of safety and an example, and finally, the examples of cost accounting. The entire module will take you around 2 hours 4 minutes and you need to watch 17 videos.
||Cost Accounting 02: Types of Costing
||In this module, we will go ahead and look at various types of costing methods. First, we will talk about cost sheets and how it’s created. Then, we will look at a detailed example of a cost sheet. Next, you will learn about the job costing, the limitations of the job costing, and the examples of the job costing. Then, we will talk about the batch costing, the binder in the batch costing example, and you will also go through the batch costing profitability example. Finally, you will learn about the activity-based costing, the examples of the activity-based costing, and the volume of the cost driver. This module will take you 2 hours 7 minutes and you need to watch 21 videos in total.
||Cost Accounting 03: Cost Allocation and Analysis
||In this module, we will start with a brief overview of the cost allocation and analysis. Then, we will go in detail about the cost allocation. You will learn the steps for the cost allocation, the indirect cost, the basis of apportionment, and the example of the basis of apportionment. Next, we will talk about the allocation of the service department cost, the method of the re-apportionment cost, direct re-distribution method, the examples of the step-down method etc. And finally, we will talk about the profitability analysis. The entire module will take around 3 hours 16 minutes and you need to watch 20 videos in total.
||Cost Accounting 04: Decision Making using Marginal Costing
||In this module, we will start with the introduction to decision making. Then, you will learn about the relevant cost in and also the non-relevant costing in the marginal costing. Then, we will look at a practical example of the relevant costing. Next, we will look at the opportunity cost, the concept and the example of the opportunity cost, the cost concept, an example of the cost concept, break-even analysis, target profit analysis etc. Finally, you will learn about the impact of the realization value and the route of the maintenance cost, different types of cost indifferences etc. You need to invest around 4 hours 7 minutes and you need to watch 31 videos in total.
||Cost Accounting 05: Process Costing
||We will start with a brief introduction of the process costing in this module. We will then understand the meaning and the principle of the process costing, the practical aspect of the process costing, the difference between the process costing and the job costing, and the process costing accounts. Then, we will go through a practical example. Finally, we will understand the joint product and the byproduct. You need to watch 26 videos and you need to invest around 4 hours 4 minutes.
Certificate of Completion
Pre-requisites to this Cost Accounting Training
- Willing to learn cost accounting: Not every student or professional would be interested to learn cost accounting. Learning cost accounting always helps but if you’re not eager or curious about the nitty-gritty of the cost accounting, this course isn’t for you.
- Fundamental knowledge of accounting: We can’t say that you need to know the basics of accounting, but a bit of sense of mathematics and a little knowledge of accounting will definitely help.
Target Audience of this Cost Accounting Course
- Students of accounts/finance/costing: If you’re a student of any of the domain – costing, accounting, or finance, this course is perfect for you. You would get so much value out of this course that you may not need to study any other material on the cost accounting.
- Cost/Finance/Management accounting professionals: If you’re already a cost accounting/finance accounting/management accounting professional, you can use the course as a refresher or an additional edge for your professional upliftment.
FAQ – General Questions on Cost Accounting Course
Why should I do this cost accounting training?
This course is the best course on the cost accounting you would ever find in the market. Then, why shouldn’t you do this course?
How would this cost accounting training course benefit me?
This course isn’t for everybody. If you’re in accounting or want to learn cost accounting in detail, this course will act as an expert guide.
I don’t have any background in finance, should I do this cost accounting training course?
If you understand mathematics and have a sense of a little bit of accounting, you can do this course.
Sample Preview of this Cost Accounting Course
Cost Accounting Course Testimonials
Simple and clear
Very detailed and nicely explained with application-based approach.!
Examples are apt and help to understand concepts better.
Good for beginners who are looking to learn cost management accounting from scratch. Basic concepts of Balance sheet and Income statement may help, but if not it’s also covered in the course.
It is a very good cost accounting training. The explanation is very simple and easy to understand. The examples given are quite good and can easily be related. The audio quality is good however it can be improved. The supporting documents are also helpful. The overall learning value is high, especially for those who are beginners.
To the point explanation
The course deals with the basic of cost accounting. Someone who does not have knowledge on cost accounting may learn from this cost accounting course. Concepts are explained with proper examples. CVP method is explained in a very lucid manner. I liked the course very much and will suggest others interested in Finance to opt for this course.
I found all the video tutorials very insightful and the quality of teaching all the concepts was quite good. I have understood cost accounting concepts very well and hope to apply them effectively in the future. I would truly recommend others to subscribe educba for any kind of professional guidance which they require. thanks to educba for such a wonderful any time and anywhere e-learning!
Aishwarya Sharad Kasarle
Practical and clear
This online cost accounting training is very useful for people who are interested in making a career in Consulting division. The concepts are explained with real life examples in a concise manner. The concepts are drilled down to basics and can be applied across industries. This cost accounting course is the preface to other cost accounting courses.