This course briefs about the Cost and Break-even Analysis; Absorption and Activity-based Costing; Budgeting; Pricing and Costs; Short-term Decision Making; Investment Appraisal Techniques and Measuring and Reporting Performance.
Upon completion of this course, you will be able to understand the difference between management accounting and financial accounting. The difference between fixed and variable costs. How to calculate variable and fixed costs using the high-low method. How to use break-even analysis as a decision-making tool. How to calculate and understand contribution, the break-even point, and margin of safety. The limitations of break-even analysis. Why overheads need to be included when costing products. How to calculate a simple ‘blanket’ overhead rate. How to apply absorption costing methods to fully cost out a range of products. The limitations of traditional costing methods. How to calculate a simply activity-based cost. Why a business needs to prepare a budget. The process of preparing a budget. How to prepare a simple budget. The problems of budgeting.
Outcome / Qualification etc.
London Business Training & Consulting
London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all over the world. Our vision is to meet the business and management...
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