MICRO-CREDENTIAL IN BASIC COST ACCOUNTING FOR BUSINESS OWNER

About this Module

What you will learn

The cost and management accounting systems are part of the financial information system for internal reporting. In an organization, obtaining data about product costs and analysis of effectiveness at the operational level is essential to assist managers or business owners in decision-making. This micro-credential course will help to acquire knowledge on principles and methods of cost and management accounting at the operational level. It emphasized the overhead and cost volume profit analysis plus reporting profit under absorption and marginal costing. Knowledge of cost and management accounting help to reduce the under or overestimates of product cost and profit earned from the sale of products or services rendered. This product costing literacy will empower the business owner to operationalize the efficiency of the department and organization. Learn how cost and management accounting knowledge developed a manager’s or business owner’s ability to understand better the business operation and make a more informed business decision.

What skills you will gain

Overhead Analysis Absorption Marginal Reporting Skills Cost Volume Profit Analysis

Total contents and assessments

14 Videos, 4 Learning Activities, 5 Content, 3 Assessment

Module Details

CLUSTER : Business & Management ( SP )
MODE/DURATION : Flexible
LENGTH : 5 days
EFFORT : 35
LEVEL : Beginner
LANGUAGE : English
CERTIFICATE : Yes
CPD POINT : 0
PRICE : Free

Associated Course (s) :
No Course

 Syllabus

Traditional Overhead
• Overhead Analysis Sheet
• Overhead Absorption Rates
• Applying OAR to Product Cost

Activity Based Costing
• Cost driver and Cost Pool
• Applying CDR to Product Cost

• Rationale for absorption costing and marginal costing
• Product costs using the absorption costing method and the marginal costing
• Compare and contrast the use of AC and MC for profit reporting and inventory valuation
• Reconcile the profits reported by AC and MC

• Introduction
• Definition of CVP analysis
• Objectives of CVP analysis
• Assumptions of CVP analysis
• Break-even point
• Margin of safety
• Using CVP for business decision making
• Multi-product CVP

Our Instructor

BEDAH BT AHMAD

Course Instructor
UiTM Kampus Puncak Alam
4.3 (average sufo) instructor rating 26 course(s)

PUTRI PUSPITA AYU

Course Instructor
4.3 (average sufo) instructor rating 1 course(s)

RINA DESTIANA

Course Instructor
4.3 (average sufo) instructor rating 1 course(s)

AHMAD SYIFAUDIN

Course Instructor
4.3 (average sufo) instructor rating 1 course(s)

MOHD AFIQ BIN AZERO

Course Instructor
UiTM Kampus Puncak Alam
4.3 (average sufo) instructor rating 14 course(s)

MARSHITA BT HASHIM

Course Instructor
UiTM Kampus Puncak Alam
4.3 (average sufo) instructor rating 11 course(s)