CAM Cost Accounting and Management|

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Course Description

About the Course

Managing costs is an important aspect of managing a company’s profitability and efficiency. During this course, we will review the various methods available to assign costs to products and services, as well as the more qualitative aspects of costing, namely quality costs and environmental costing. We will also review how the control of costs can help management to make more efficient short-term business decisions and how we can analyse the efficiency of costing methods. At the end of the course, there will be an exam and upon successful achievement of the pass mark, a certificate will be issued and the successful participants will also receive NASBA CPE credits

Course Curriculum

Course # : 35701

Cost Accounting and Management

Exam : CAM

Download Syllabus

CAM Cost Accounting and Management

Objectives

Upon completion of this course, the participants will be able to:

Understand what is management accounting
Understand the differences in gross profit and inventory between different types of companies
Allocate production costs using job order and process costing approaches
Calculate inventory cost and the impact on profits of absorption and variable costing methods
Create a budget to calculate standard costs rates and value inventory using these rates
Analyse the variances between standard costs and actual costs, and allocate them appropriately
Understand how to analyse and allocate costs in an activity based costing system
Explain the advantages and disadvantages of a Just-In-Time production system
Explain what is Total Quality Management and the four types of quality costs
Use Cost-Volume-Profit analysis for profit planning, to calculate breakeven points and perform sensitivity analyses
Use cost benefit analysis to make short term business decisions
Explain the impact of environmental costs on environmental and financial performance

Target Audience

This program is designed for delegates who wish to understand the methods for cost allocation and management, and the analysis of the impact of costing options on profitability and decision making. It would benefit both individuals with no previous knowledge of cost accounting and management, and those with some experience in management accounting or finance. However, no previous knowledge of cost accounting or finance is required, as we will cover the basics before going into more details.

Individuals in the following job descriptions, as well as those with an interest in cost accounting, would benefit from this course:

Cost accountants
Management accountants
Finance managers
Financial controllers
Budget and forecasting controllers
Financial planning and analysis managers

Why CAM Cost Accounting and Management from SkillCertified™

Live Interactive Learning
- World-Class Instructors
- Expert-Led Mentoring Sessions
- Instant doubt clearing
Lifetime Access
- Course Access Never Expires
- Free Access to Future Updates
- Unlimited Access to Course Content
24x7 Support
- One-On-One Learning Assistance
- Help Desk Support
- Resolve Doubts in Real-time
Hands-On Project Based Learning
- Industry-Relevant Projects
- Course Demo Dataset & Files
- Quizzes & Assignments
Industry Recognised Certification
- SkillCertified Training Certificate
- Graded Performance Certificate
- Certificate of Completion
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