CMA US Part 1-Section D-Cost Management

CMA US Part 1-Section D-Cost Management

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

Cost Management

Url: View Details

What you will learn

• Costing Systems - Process vs Job Costing
• Overhead Costing
• Product Costing

Rating: 0

Level: Intermediate Level

Duration: 9.5 hours

Instructor: C2C Consulting