By the end of this course, you will be able to
The EBC*L certification stages, introduction to the coursebook “Cost and Pricing,” you will also get an overview of the foundations of costing to help entrepreneurs.
What to consider in pricing a product, factors affecting the profitability of a business, price-setting strategies, and factors influencing customer’s buying decision.
How to calculate the contribution margin, the basic cost accounting terms definitions, and how to best utilize and apply the data and skills you will learn in this course.
Course details
- 2 h 14 m/22 lessons
- Last updated: 22/6/2019
- 1 learning resources
- Course completion certificate
Course Content
Introduction: EBC*L Levels
The Book Of The Course "Costing & Pricing"
General Learning Objectives
Introduction: EBC*L Levels
The Book Of The Course "Costing & Pricing"
General Learning Objectives
Costing & Pricing - Overview
Marginal Contribution
Financial ِAccounting Vs. Cost Accounting
Basic Cost Accounting Terms
Cost Elements / Cost Centers / Cost Units
Case Study: Pizza Rossi
Emphasis On Cost Centers And Cost Units
Sales Cost
Cost Of Sales: Solution Version 1
Cost Of Sales: Solution Version 2
Revision: Multiple Choice Questions
Variable Costs / Fixed Costs
Fixed Cost Degression
Capacity Utilization
Clear Cost Structure
Peaceful Cost And Economies Of Scale
Advertising Costs: A Small Pizzeria Versus A Pizza Chain
Revision: Multiple Choice Questions
Wrap Up For The Course
About this course
Entrepreneurs often prefer to rely on instinct, making decisions based on what their gut reaction tells them. Sometimes, they are intuitively correct. However, they often end up in bankruptcy court due to misjudgments of facts that could have been avoided if they had done their figures. Large enterprises have separate cost accounting departments that are part of a company's controlling division. Cost accounting is a job that doesn't enjoy great popularity because it has the reputation of being highly complex and challenging to master. With this course, we prove that this is NOT the case.
Course requirements and prerequisites
There are no requirements for this course. Your interest in the topic and your committment to learning are all you need to achieve the utmost benefit from this course.
Mentor
Mohamed Ali Ibrahim
Lecturer, Trainer, and International Expert in the Field of Business Administration
7,670 Learners
4 Courses