Costing and Accounting

Course

Online

£ 50.19 VAT inc.

*Indicative price

Original amount in USD:

$ 68

Description

  • Type

    Course

  • Level

    Intermediate

  • Methodology

    Online

  • Duration

    Flexible

  • Start date

    Different dates available

Understand how the three financial statements: balance sheet, income statement and cash flow statement evolve from accounting data.

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

Understand six key accounting concepts: income, expense, asset, liability, inflow and outflow.
Understand how the three financial statements: balance sheet, income statement and cash flow statement evolve from accounting data.
Deal with cost data confidently which is an essential part of any business activity and anyone who is a part of a business must understand it in the right way.
This course provides you that learning in a business context and helps you easily master various cost concepts with real life data.
Appreciate what can go wrong in costing process and its implications.
Understand the role of variable and fixed costs on break-even point and margin of safety for a business.
Appreciate how budgeting can be best used as a tool for cost control.
Understand principles of cost management and cost reduction.

Understand six key accounting concepts: income, expense, asset, liability, inflow and outflow.
Understand how the three financial statements: balance sheet, income statement and cash flow statement evolve from accounting data.
Deal with cost data confidently which is an essential part of any business activity and anyone who is a part of a business must understand it in the right way.
This course provides you that learning in a business context and helps you easily master various cost concepts with real life data.
Appreciate what can go wrong in costing process and its implications.
Understand the role of variable and fixed costs on break-even point and margin of safety for a business.
Appreciate how budgeting can be best used as a tool for cost control.
Understand principles of cost management and cost reduction.

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Subjects

  • Financial Training
  • Cash Flow
  • Balance Sheet
  • Financial
  • Liability
  • Financing Strategy
  • Indirect Financing
  • Structures of Business
  • Accounting Process
  • Deferred Taxes
  • Inflows & Outflows
  • Costing Process

Teachers and trainers (1)

Name Name

Name Name

Teacher

Course programme

Module 1
  • Vijay’s discovery - Protagonist & Storyline
  • Introduction Business framework for Vijay’s venture
  • The Significance of Money
  • Classifying Resources
  • Raising finance for Vijay’s venture
  • The Concept of Liability
  • The Concept of Assets Indirect Financing
  • The Financing Strategy
  • The Legal Structures of Business
  • The Financial Year
  • The Traditional Accounting Process
  • The Concept of Income
  • The Concept of Expenses
  • The Concept of Depreciation
  • The Concept of Deferred Taxes
  • The Concept of Inflows & Outflows
  • Classifying Financial Information
  • Assets & Liabilities
  • Financial Statements
  • The Profit & Loss Account
  • The Cash Flow Statement
  • The Balance Sheet
  • Constructing financial Statements
  • “Accounto Tsar” - This game helps the learner to consolidate the understanding about the six categories of financial information, the three financial statements and the learner would experience how the financial statement evolve from raw accounting data.
Module 2
  • Introduction to Costs
  • Classification of Cost
  • Cost Centers
  • The Costing Process
  • Activity Based Costing
  • Fixed and Variable Costs
  • Marginal Cost & Contribution
  • The Contribution Income Statement
  • Break-even Point and Margin of Safety
  • Cost Management
  • The Budgeting System
  • Cost Reduction

Additional information

Comprises multiple episodes which unfold the learning of accounting and costing.Every episode has a ‘Test Your Mettle’ section, which allows you to examine how well you have understood the concepts.Every episode has a ‘Test Your Mettle’ section, which allows you to examine how well you have understood the concepts.A certification in Costing and Accounting will fetch you a salary of 4 to 10 lakh INR per annum, based on experience.This e-learning based course introduces you to multiple interesting characters who helps you explore the concepts of Accounting and Costing.

PROGRAM HIGHLIGHTS
Six key accounting conceptsMaster the three financial statementsRole of variable and fixed costs

Costing and Accounting

£ 50.19 VAT inc.

*Indicative price

Original amount in USD:

$ 68