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Claim your Discount!This is to verify that Rame Al jbrail has completed the course Introduction to Cost Accounting and Cost Classification on Alison.
Alison ID: 19542013
Course Completed: Introduction to Cost Accounting and Cost Classification
Date of Completion: 5th February 2021
Email: [email protected]
Total Study Time: 2h 54m
Alison courses requires at least
80% to pass the final assessment
CPD approved learning hours
completed through this course
Master the components of cost accounting, calculating break-even point and doing CVP analysis with this free course.
This course begins by introducing you to the important steps to consider in financial management as well as the different components of cost accounting. You will learn about the various ways cost can be classified, the components of cost-volume-profit (CVP) analysis, the different methods of calculating profit as well as contribution margin, and the importance of marginal cost in cost accounting.
It will also introduce you to the function as well as the objectives of CPV analysis in cost accounting, along with its assumptions. Learn about the different formulas for calculating profit and contribution margin in cost accounting, as well as how the CPV graph is plotted along with examples of how it applies to our daily lives.
Finally, the material introduces you to the function of the break-even (B/E) point as well as how it can be applied in accounting problems. It will teach you about the functions of sensitivity analysis and under which condition the cost-volume-profit assumption can be changed. Start this course now and improve your knowledge of the functions of make or buy decisions, shut down cost, joint product, as well as joint product cost allocation in cost accounting.
