Cost and management accounting
The course is designed to help individuals in the private and public sector to understand the costing process and how to determine costs. It also covers the management of funds by means of budgets and the use of management accounting information to make informed and accountable decisions. Topics such as absorption, variable, job and process costing; traditional cost allocation versus activity-based costing; and cost-volume-profit relations will be discussed.
Learning outcomes:
After completion of this course, candidates should have a thorough understanding of the role and function of cost and management accounting in achieving the objectives of an organisation.
Course content:
The course covers the following topics:
1. The purpose of cost and management accounting;
2. Introduction to cost accounting concepts and terminology;
3. Absorption costing and variable costing;
4. Job costing and process costing;
5. Traditional cost allocation versus activity-based costing;
6. Managing budgets (including cash budgets);
7. Standard costs;
8. Cost-volume-profit relations; and
9. Providing and interpreting financial information for decision making.
Entry requirements:
Grade 12/Senior Certificate
Time: 08:00 - 16:00
Venue: University of Pretoria, Main Campus, Pretoria
Cost: R9,800 (VAT incl.)