Your Guide to Cost Accounting

categories: Business Management

Cost Management

Analytics

Performance

SDG 8: Decent Work and Economic Growth

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

Free lessons

Introduction: EBC*L Levels

4 Minutes

The Book Of The Course "Costing & Pricing"

4 Minutes

General Learning Objectives

3 Minutes

1. Your Guide To Cost Accounting

Introduction: EBC*L Levels

4 Minutes

The Book Of The Course "Costing & Pricing"

4 Minutes

General Learning Objectives

3 Minutes

Costing & Pricing - Overview

4 Minutes

Marginal Contribution

9 Minutes

Financial ِAccounting Vs. Cost Accounting

6 Minutes

Basic Cost Accounting Terms

13 Minutes

Cost Elements / Cost Centers / Cost Units

2 Minutes

Case Study: Pizza Rossi

4 Minutes

10.

Emphasis On Cost Centers And Cost Units

8 Minutes

11.

Sales Cost

4 Minutes

12.

Cost Of Sales: Solution Version 1

5 Minutes

13.

Cost Of Sales: Solution Version 2

2 Minutes

14.

Revision: Multiple Choice Questions

11 Minutes

15.

Variable Costs / Fixed Costs

7 Minutes

16.

Fixed Cost Degression

8 Minutes

17.

Capacity Utilization

5 Minutes

18.

Clear Cost Structure

1 Minutes

19.

Peaceful Cost And Economies Of Scale

6 Minutes

20.

Advertising Costs: A Small Pizzeria Versus A Pizza Chain

3 Minutes

21.

Revision: Multiple Choice Questions

10 Minutes

22.

Wrap Up For The Course

6 Minutes

learning resources

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.