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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

Business owners and managers seek to streamline operations usage and optimize resources in today’s deeply dynamic corporate environment. Cost and management accountants are in charge of providing information that can be used to direct economic decision-making, and they play a critical role in maximizing benefits by reducing financial waste. The Cost and Management Accounting online course by UCT introduces basic principles of accounting and covers various concepts such as process costing, variable costing, absorption costing, and job costing.

The Cost and Management Accounting training teaches about the use of various costs to do a cost-volume-profit review, monitor funds by budget and make better management decisions. The Cost and Management Accounting syllabus covers how strategies are tied to a company's financial priorities and goals and a brief description of the different categories of expenditures and expense centers in the budget. The course focuses on the definitions of inventory and different forms of inventory management.

The Highlights

Online learning
7-10 hours per week
8 weeks duration
Shareable certificate
Split fee option available
Course provider Getsmarter
Assessments and projects
University of Cape Town offering

Programme Offerings

Live polls
Case Studies
online learning
Self-paced learning
Offline resources
quizzes
video lectures
Infographics

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	UCT Cape Town

The Cost and Management Accounting fee is Rs. 43,827 . Candidates can either pay the fee at one time or they can choose to pay the amount of the fee in 2 installments. An additional cost will be added to the fee if the candidate opts for a split payment option.

Fee type	Fee amount in INR
Cost and Management Accounting fees	Rs. 43,827

Eligibility Criteria

Certification Qualifying Details

The applicant must complete all of the course modules, as well as all of the practicals, live surveys, quizzes and assignments, in order to get qualified for Cost and Management Accounting certification. Students must also meet all of the requirements specified in the course handbook to be considered for certification. Students will get a copy of the course handbook at the time of admission.

What you will learn

Decision making skillsAccounting proficiencyBudget managementFinancial Management

After completing the Cost and Management Accounting online course by UCT, candidates will learn about various types of costing systems along with variable and accounting costing. Candidates will learn about inventory management, budgeting, and the evolution of business decisions over time.

Who it is for

Certified Management AccountantChief Financial Officer

Accounting and finance professionals who want to gain specific skills in cost and management accounting can join this course.
Managers who want to gain knowledge of various tools in the accounting field for improving their decision-making skills based on financial insights.
Business owners who want to learn about costing systems and techniques will be benefited from doing this course.

Admission Details

To enroll in the University of Cape Town's Cost and Management Accounting online training, follow the steps written below:

Step 1. To access the course webpage, visit the official webpage.

Step 2. To begin the registration, click the 'Register Now' button

Step 3. To proceed, check the consent box to confirm that you adhere to the terms and conditions

Step 4. Create an account using your personal details

Step 5. Enter the billing address and, if any, the sponsor's details

Step 6. Begin the program by paying the fee using a credit/debit card or bank wire transfer

The Syllabus

Outline the components of management and cost accounts
Identify the role management accounting plays in ensuring the success of a business
Summarise the differences between fixed, variable, mixed, and semi-fixed costs
Describe the differences between fixed, variable, mixed, and semi-fixed costs

Identify the differences between variable and fixed costs
Demonstrate which parts of a production process incur fixed and variable costs
Identify the differences between variable and absorption costing
Calculate how overheads are allocated as part of absorption costing
Show the differences between direct and indirect costs
Complete the variable and absorption cost element of a product

Illustrate the relationship between cost, volume, and profit graphically
Show the relationship between costs and changes in production or sales volumes
Calculate the variable cost per unit and fixed costs of a business's product
Analyze a business product using a CVP analysis
Calculate a break-even point and margin of safety
Select a cost reduction and pricing technique to compensate for the changes in costs and prices

Articulate the types of budgets and budgetary cost centres
Discuss how budgets are linked to a business's strategic plans and objectives
Select a budgetary control method to use in a particular cost centre
Analyse the budget of a business's product
Predict the budgetary constraints in a particular cost centre

Discuss how different businesses perform inventory control
Explain the types of inventory and inventory concepts
Apply appropriate inventory management techniques
Apply ‘first-in, first-out (FIFO) and ‘weighted average cost’ (WAC) to a case study
Illustrate the differences between perpetual and periodic inventory systems

Identify the elements of job costing
Explain how accounting differs between industries
Calculate job costing for a business product
Apply contract costing to a particular case study
Outline the elements of contract costing
Apply process costing to a case study
Identify the steps in the process costing

Identify the different types of standards used in management accounting
Discuss how a standard cost is used in a business
Calculate the standard cost of a product
Analyze the standard cost of a product and its variances
Compare the standard cost to actual results

Calculate the relevant cost of a product
Identify the elements of relevant costing
Compare relevant costs to inform business decisions
Decide whether a business should buy or make a product
Defend your management decisions using relevant costing

Instructors

UCT Cape Town Frequently Asked Questions (FAQ's)

1: What is the Cost Management Accounting course duration?

The CMA course duration is 8 weeks, candidates can learn at their own pace with Getsmarter.

2: What is the work of a Cost Management Accountant?

Cost management accountant is responsible for utilizing their planning, decision-making and performance management skills to create a profitable financial strategy.

3: Is CMA easier than CA ?

Yes, CMA is easier than CA because it contains fewer chapters as compared to CA.

4: What jobs are available after completing CMA?

There are a variety of jobs after completing CMA, such as Financial analyst, Finance manager, Chief financial officer(CFO), Finance risk manager, and more.