Welcome on this learning programme!

This online course serves as a comprehensive introduction to managerial accounting, offering practical insights into fundamental concepts and principles. It equips learners with foundational knowledge of financial management roles and cost accounting functions. Learners explore managerial accounting, delve into cost element analysis, and learn effective methods for controlling inventory, labour, and overhead costs. Additionally, the course provides an overview of accounting practices in manufacturing enterprises. Key topics include job costing, process costing, and contract accounting, essential for financial managers in determining project expenditures. Whether you're new to the field or seeking to enhance your understanding, this course provides essential tools and insights into management accounting principles and practices.

What you will learn:

At the end of this course, the learner should be able to:

• Show understanding of cost and management accounting's importance in enterprise management.
• Identify cost centres, control inventory costs efficiently.
• Explain labour and learning curve theory's application in business.
• Understand recording and analysis of overhead costs allocation.
• Demonstrate knowledge of manufacturing enterprise accounting environment.
• Explain job costing characteristics, calculate costs steps.
• Define process costing characteristics, calculate unit costs steps.
• Understand contract costing, explain contract accounting system.
• Comprehend marginal and absorption costing's business application.
• Apply budgeting and standard costing processes, describe them.

Course Content:

Unit 1: Introduction to cost and management accounting

Unit 2: Material and inventory control

Unit 3: Labour and learning curve theory

Unit 4: Overhead allocation

Unit 5: Accounting for a manufacturing enterprise

Unit 6: Job costing

Unit 7: Process costing

Unit 8: Contract costing

Unit 9: Marginal and absorption costing

Unit 10: Budgeting and standard costing

Note: The e-course book for this course is “An Introduction to Management Accounting” published by Edge Learning Media, ISBN 978-1-77612-102-1.

Who Should Attend:

• Financial professionals and managers.
• Any individual that wants to work in a financial management environment.

Entry Requirements:

There are no entry requirements for this course.

Course Structure:

This course is only available in an online learning format. The course includes learning activities, videos and quizzes.

Assessments:

Learners will need to complete the online quiz for this course.

Accreditation:

This course is not accredited.

Certification:

 A Certificate of Successful Completion will be issued upon completion of the course.

Duration:

1 week per learning unit / 10 weeks in total (2-3 months)