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Introduction to Cost Management

Cost management is used both by the manufacturing and service sectors. Efficient cost management helps those organizations in increasing resources, productivity and margins. It is a system that supports the organization in achieving its goals and objectives

  • 2500
  • 20000
  • Course Includes
  • 1 Hour Video Class
  • Free Certificate of Completion
  • 1 Year Access

Enrol and get access to the full course.

What you will learn

  • Basic cost management concepts
  • Understanding cost behaviour
  • Activity – based costing
  • Process systems approach and job order system
  • Allocating costs of support department and joint products
  • Budgeting for planning and control
  • Standard costing – A functional based control function
  • Decentralization and more.

Requirements

  • This course is an introductory course, therefore it is suitable for anyone interested in the topic.

Description

Cost management is used both by the manufacturing and service sectors. Efficient cost management helps those organizations in increasing resources, productivity and margins. It is a system that supports the organization in achieving its goals and objectives. This encompasses the whole of the activities aimed to plan, estimate and monitor spending. 

This online course teaches some of the best approaches, systems, planning processes and techniques in cost management. 

Course Content

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Course Introduction
preview 4min
Introduction to cost management
5min