What You Will Learn!
- Costing Systems - Process vs Job Costing
- Overhead Costing
- Product Costing
- Activity, Variable & Fixed Costing
Description
Welcome to the course.
This video tutorial traverses through understanding of cost management, product costing, costing systems & other relevant topics related to cost management. In this tutorial, you will learn --
Cost Management - This section introduces you as a learner to -
-- Why Cost Management?
-- Classifications of Costs
-- Product Costs vs. Period Costs
-- Costs Based on Level of Activity (Fixed, Variable and Mixed Costs)
Costing Systems
-- Introduction to Costing Systems
-- Introduction to Cost Accumulation Methods
-- Introduction to Cost Measurement Systems
-- Cost of Goods Sold and Manufactured
-- Cost of Goods Sold (COGS) and Cost of Goods Manufactured (COGM)
Product Costing
-- Joint Products and Byproducts
-- Byproduct Costing
-- Process Costing
-- Steps in Process Costing
-- Process Costing Diagram –FIFO
-- Process Costing Diagram –Weighted Average
-- Process Costing Examples
-- Spoilage in Process Costing
-- Job-Order, Operation and Life-Cycle Costing
-- CustomerLife-Cycle Costing
Overhead Costing
-- Accounting for Overhead
-- Introduction to Accounting for Overhead Costs
-- Traditional (Standard) Allocation Method
Other Topics
-- Activity Based Costing
-- Variable vs Fixed Costing
All explanations are based on CMA-USA-Part-1 syllabus which is considered as gold-level standard for management accounting profession. Teaching methodology is based on join-thedots pedagogy inter-linkage of multi-discipline subjects, a very powerful tool for aspiring leaders.
This course is suitable for candidates pursuing CMA-USA or CMA-India/CIMA-UK or candidates pursuing a career in finance & accounting. Feel free to drop us a message if you need any assistance for CMA-USA course material or any other queries.
Happy Learning
CMA Kiran
C2C Consulting
Who Should Attend!
- CMA-USA aspirants
- Costing students/professionals
