021 745 4277
info@oxbridgeacademyonline.edu.za
Principles of Cost and Management Accounting
R6,900.00
The Principles of Cost and Management Accounting skillset provides a comprehensive exploration of financial management roles, decision-making processes, and cost identification. Students learn how to analyse and interpret financial statements, manage working capital, and implement costing methods for inventory valuation. The skillset includes practical approaches to job costing, budgeting, and preparing financial statements for manufacturing enterprises, equipping students with the necessary tools to effectively manage and strategise within a financial context.
As an institution that is responsive to changing student requirements in certain sectors of the market, we have introduced an online option offering shorter courses. These courses provide quick wins for busy professionals and can fast-track careers in a matter of weeks or months. Professionals can stay at the cutting edge of industry-relevant skills development, as they compete in the dynamic 4IR (fourth industrial revolution) job market. Like our distance courses, our online courses allow you to register at any time. Studying is flexible and can be scheduled according to your needs.
COURSE DURATION:
12 Month
COURSE START DATES:
You can start studying this course at any time of the year as soon as you have completed your registration, you can get started. There are no specific registration dates!
COURSE INFORMATION:
This course contains a CourseBookTM, which is an innovative fusion of the traditional textbook and online course, combining quality educational content with an interactive, social learning experience to promote success. The course has been broken into three Study Phases:
- Study Phase 1 Quiz:
- The role of the financial manager
- Interpreting financial results
- Managing working capital
- Study Phase 2 Quiz:
- An introduction to managerial accounting
- Controlling inventory and overhead costs
- Accounting for a manufacturing enterprise
- Job costing
- Study Phase 3 Quiz:
- Budgeting and standard costing
- Cost classification, estimation and behaviour
- Cost-volume-profit (CVP) analysis
- Linear programming
- Relevant costs
- Expected value theory and decision trees
- Pricing policy and transfer pricing
- Divisional performance evaluation
ASSESSMENT:
Work through the workbook. At the end of each Study Phase, there is a quiz to complete. You need to complete and pass each of the quizzes with a minimum of 70% to get a certificate. No restrictions on your attempts.
COURSE EXIT OUTCOMES:
After completing this course, you should be able to:
- Describe the role and ethical considerations of financial managers, focusing on risk management and cash distribution.
- Analyze financial statements using profitability, liquidity, and investment ratios to assess business performance.
- Estimate working capital needs and manage cash flow, including effective interest rate and APR calculations.
- Calculate and differentiate between production, non-production, fixed, and variable costs, performing break-even analysis.
- Control and value inventory using FIFO, weighted average methods, and apply economic order quantity (EOQ) principles.
- Prepare and interpret general ledger entries, production cost statements, and trading statements for manufacturing enterprises.
- Implement job costing methods, estimate job costs, and prepare job order cost sheets.
- Develop and manage budgets, including the composition of master budget components and standard costing applications.
- Utilize cost-volume-profit analysis and break-even points for planning in multi-product environments.
- Apply relevant costing techniques in decision-making for product mix, make-or-buy, and discontinuation scenarios.
Enquire Now
RELATED COURSES
-
Business Mathematics
R6,900.00Business Mathematics provides a practical approach to mastering essential mathematical and statistical skills in a business context. Starting with foundational concepts of the number system and basic calculations, the textbook progresses to more complex topics such as probability theory, data analysis, and financial decision-making. It equips students with the skills to perform detailed statistical analysis and apply mathematical reasoning to solve real-world business problems, ensuring they can effectively analyze, interpret, and communicate mathematical data in professional settings.
-
Introduction to Management Accounting
R6,900.00Introduction to Management Accounting provides foundational insights into managerial accounting, emphasising the roles and responsibilities of financial managers and cost accountants. This textbook equips students with practical knowledge on cost analysis, inventory control, and various costing methods such as job, process, and contract costing. It further delves into budgeting, standard costing, and performance analysis, preparing students to effectively manage financial resources and make strategic decisions within a business context.
-
Principles of Auditing
R6,900.00Principles of Auditing offers an in-depth exploration of auditing principles and procedures. This textbook introduces students to the foundational aspects of auditing, including its purpose and process. It emphasises the role of internal controls, regulatory procedures, and the importance of ethical practices within the auditing profession. By examining various auditing cycles—such as revenue, payroll, finance, and investment—the text equips students with the skills to conduct audits effectively and form professional opinions, preparing them for a career in auditing.