Cost accounting course by LBTC is an exciting opportunity to revisit the concepts Cost accounting is an essential aspect of managerial accounting. It involves the various concepts of cost, budget, and profitability of services, products and activities. Cost accountants complete a degree program to understand it in detail. However, they are supposed to keep the knowledge updated by attending cost and management accounting course. The PRO of London Business Training & Consulting (LBTC) explains it. “A course in Cost Accounting can be done standalone or a part of undergraduate or graduate program in business administration, business management or accounting. The graduate level programs give the different facets of accounting and make the students ready for the entry-level or intermediate-level positions. The advanced courses or higher courses (Masters or Doctoral) talk about the advanced concepts. These courses aim to produce highly skilled professionals who can take administrative or supervisory positions. However, at times, people who are in the professional field for quite some time feel a need of updating their knowledge and skills. We bring comprehensive cost accounting course for such people. The courses cover the core concepts and contemporary things about cost management, budgeting, pricing, profit planning. Cost variance analysis and so on”, explains the PRO of LBTC. What is the course outline? We asked about the course content, structure and concepts of cost and management accounting courseoffered by the institute. The PRO of LBTC explains that the course covers everything that a cost accountant should know. “We know that the people who attend the course possess the understanding of the fundamentals. However, the course curriculum touches the salient aspects of Cost and Break-Even analysis, fixed and variable costs, contribution and margin of safety and so on. We start with the basic concepts and go higher and higher gradually. The course is structured and systematic. Our course designers use the cognitive learning concepts to arrange the topics in such a manner that ideas can be understood easily,” explains the PRO.
Who is the target audience? According to the PRO, the cost and management accounting course is useful and relevant for a wide spectrum of people. “As I told earlier, the course is for everyone; an undergraduate, graduate or experienced professional. Anyone who wants to develop the ability to understand and interpret the accounting information encountered in a business context; finds the course helpful. The course is suitable for the budding cost accountants who want to make a bright career in the niche by acquiring a sound appreciation of costing and accountancy. Not only that, even professional from the non-accounting background who are interested in the basics of cost accounting can also attend the cost accounting course”, he explains.
Learning outcomes of the course are overwhelming The PRO explains that several learning outcomes can be expected after completing the course. “People learn the different concepts about fixed and variable costs, calculating costs using different methods. Understanding of break-even point, contribution, and absorption costing methods. Preparing budgets, problems of budgeting and simple variance analysis are explained at length. Thus, it is the best and perfect cost accounting course for all” the PRO concludes.
Seven Pancras Square, 7 King’s Boulevard, Kings Cross, London N1C 4AG, UK
Mail - contact@lbtc.co.uk
Phone No. +44 2085600312
Website: https://www.lbtc.co.uk/