Modules Mastering Costs and Budgets
[Description] [Modules] [Faculty] [Testimonials]
Module 1: Costing concepts
- Key concepts such as variable and fixed cost, indirect and direct cost, differential and opportunity cost
- Various techniques for cost calculations
- What is contribution?
- How to calculate actual, standardised and variable costs?
Module 2: From Full Costing to Activity Based Management
- How do you distinguish between relevant and irrelevant costs and yields?
- What is Activity Based Costing (ABC)?
- How does ABC help to proactively control cost?
Module 3: Budgeting
- What is a budget?
- Why do organisations use budgets?
- How are budgets created?
