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This course provides a complete guide to cost accounting, one of the most critical areas of accounting for manufacturing and service organizations. You will learn how to identify, measure, analyze, and allocate costs to products and services, enabling better pricing decisions and profitability analysis.
Starting with cost classification and behavior, you will progress through major costing systems including job order costing, process costing, and operation costing. The course covers overhead allocation methods including traditional allocation using predetermined overhead rates and modern approaches like activity-based costing.
Advanced topics include standard costing and variance analysis, where you will learn to calculate and interpret material, labor, and overhead variances. Joint product and by-product costing, spoilage and rework accounting, and service department cost allocation are also covered comprehensively.
The course also explores strategic cost management topics including target costing, life-cycle costing, kaizen costing, and the theory of constraints. Through practical examples and exercises, you will develop the skills to implement effective cost systems that support management decision-making and organizational competitiveness.
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We recommend completing the prerequisites for more effective learning.
This course includes 2 modules, 7 lessons, and 0 hours of materials.
In this welcome video, I give you a quick overview of what the course is about.
In this lecture, I discuss an overview of the "Principles of Behavior Change" module, the 4 power principles of behavior change, and what you should know about those principles when managing your virtual team.
Measure your team management knowledge with this evaluation quiz to review skills and strategies learned during training.
In this lecture, I discuss the five things you should do before every meeting, and how to manage everyone’s expectations through a well-crafted meeting agenda.
In this lecture, I discuss the two things you should do after every meeting, and how to follow up with your team to make sure they are committed to getting their actions completed.
In this lecture, I discuss the five things you should do during every meeting, and how to facilitate your meetings to keep everyone focused on their tasks.
In this lecture, I discuss the following: The mysterious power of writing things down and The advantages of writing tasks out to your virtual team
Amany Tarek