Learning Outcomes

Definition of Cost

Costing Techniques

Activity Based Costing (ABC)

Throughput Accounting

Variance Analysis

Lesson Summary

This module examines the theory of cost and considers its definition, how it can be classified, and the cost behaviour of different classes of cost. The definitions of cost provide a foundation for advanced topics to build upon. In addition, we will explain marginal costing concepts and consider the application of different techniques.

Advanced Cost Accounting Theory and Techniques - Course Assessment

Learn and discover all about advanced cost accounting theory and its techniques in this free online course.

Advanced Cost Accounting Theory and Techniques

This cost accounting course provides an overview of advanced costing theory and its techniques. You will learn to classify costs and recognise cost behaviour. This insight will enable you to analyse cost-volume-profit dynamics and report on activity-based costs. In addition, you will be able to apply your understanding of cost elements in other value-adding organisational activities such as budgeting and variance analysis.

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