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?