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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
This Management Accounting for Decision Making course will show you how bookkeeping data is applicable to directors, and how it very well may be prepared and investigated for a successful administrative dynamic. By inspecting bookkeeping data that is broadly utilized across three key administrative elements of arranging, dynamic, and controlling, the course outfits non-money administrators with essential bookkeeping and account aptitudes. This course additionally talks about movement-based costing, which gives knowledge of the cost structure of items and administrations.
The Management Accounting for Decision Making Training course is taught by IIM Bangalore which is one of the best institutions in India. It is a self-paced course so that students can have their own schedule. What separates this course is the rehearsing administrator driven methodology that is a piece of every seven day stretch of the course. Regardless of whether you are an understudy or a rehearsing supervisor, this course will permit you to effectively follow all themes and straightforwardly apply ideas practically speaking.
The Highlights
- Instructors from IIM Bangalore
- Independent course
- 7 weeks on the schedule
- 3-5 hours of unwavering quality time
- Open for lifetime
- Basic Degree of Course
- Straightforwardly got to
- EdX verified certification
Programme Offerings
- Projects
- Self-paced learning
- Graded Assignments
- discussions
- Video transcripts
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | IIM Bangalore |
Eligibility Criteria
Certification Qualifying Details
Students will be given an affirmed confirmation by edX in the wake of completing the course by fulfilling all the endeavors, for instance, audited assignments, projects, and online tests, and ensuring about a 60% assessment or above.
What you will learn
This particular course enlightens students regarding various concepts like -
- Overview of cost accounting and financial accounting.
- Various methods of product costing and treatments for product losses.
- Understanding cost allocation and how to implement activity-based costing.
- How to analyze the cost for better decision making.
- Distinguishing between marginal costing and absorption.
- The architecture of budgeting such as processes, types, advantages, strategies, and so on.
- Examining variance and various key aspects of it such as material mix, fixed overhead, yield, sales mix, sales, and variable analysis.
Who it is for
The Management Accounting for Decision Making course is ideal for a variety of people such as -
- Accountants who want to nourish their abilities and techniques.
- Students from the Management, Finance, and Accounts background who are looking for new opportunities.
Admission Details
The example of enrollment for Digital Transformation and the IT Team course is as indicated by the going with -
Stage 1: Course takers are required to click on the URL that is attached below.
https://www.edx.org/learn/management-accounting/indian-institute-of-management-bangalore-management-accounting-for-decision-making
Stage 2: Kindly, click on 'Select Now' at the most important motivation behind the site.
Stage 3: Now, sign in to the edX website to guarantee your profile or register If you don't have one.
Stage 4: Please enter your credentials and snap-on 'Continue'. Assurance that there aren't any mistakes.
Stage 5: Students can review the course after the attestation of their records.
The Syllabus
- Financial and Cost Accounting
- Basic Cost Terms and Cost Flow
- Costing System
- Preparation of Cost Sheet
- Costing in Service Industry
- Preparation of Cost Sheet in Service Industry
- Financial, Cost and Management Accounting
- Methods of Product Costing
- Job Costing
- Customer Costing
- Process Costing
- Treatment of Process Losses
- Joint and By-products
- Indirect Cost
- Method of Indirect Cost Allocation
- Misallocation of Indirect Costs
- Activity-based Costing
- Implementation of Activity-based Costing
- Activity-based Management
- Absorption vs. Marginal Costing
- Behavior of Costs
- Break-even Analysis
- BEP in Multiproduct Environment
- Pricing Decision
- Make or Buy decision
- Discontinuing product or closing down divisions
- Optimal Product Mix
- Operating Leverage
- Strategic Planning and Budgets
- Budgeting Process
- Types of Budgets
- Benefits of Budgets
- Approaches to Budget Preparation
- Preparation of Master Budget
- Budget Slack
- Setting Standards
- Variance Analysis: General Framework
- Variable Overhead Variance
- Fixed Overhead Variance
- Material Mix Variance
- Sales and Sales Mix Variance
- Investigating Variance