Module 1 - Cost Accounting & Business Decisions

• The Meaning, Purpose and Scope of Cost Accounting
• Cost Accounting and Business Decisions
• Cost Accounting Terminology: Direct, Indirect, Classifications, Cost Centres
• Overheads, Cost Allocation and Apportionment

Module 2 - Cost Behaviour

• Fixed, Variable, Semi-variable and Stepped Costs
• Cost Classification Techniques
• Prediction of Cost Behaviour
• Cost Behaviour Analysis

Module 3 - Accounting for Labour Costs

• Labour Costs, Wages, Salaries and Remuneration Methods
• Labour Costs at Different Levels of Output or Activity
• Labour as a Direct Cost and as a Fixed Cost
• Labour Cost Data

Module 4 - Accounting for Material Costs

• Importance of Material Costs
• Pricing methods: FIFO, LIFO, AVCO, Replacement, Standard Cost
• Materials Pricing Objectives and Stock Valuation
• Just-in-time and Materials Requirements Planning

Module 5 - Absorption Costing

• The Meaning, Aims and Importance of Absorption Costing: Unitization of Fixed Overheads
• Cost Allocation, Apportionment and Absorption into Total Cost
• Absorption Rates and Bases
• Cost Units and Cost Centres, Service and Production Departments

Module 6 - Activity Based Costing

• Importance, definition and framework of Activity Based Costing (ABC)
• Short-term and Long-term Variable Overhead Costs
• Advanced Manufacturing Technology (AMT)
• Cost Drivers, Rates and Overheads with ABC

Module 7 - Marginal Costing

• The Meaning of Marginal Cost and the Importance of Contribution
• Marginal Costing Principles and the Treatment of Overheads
• Revenue Statements in Marginal Cost Format
• Break-even (Cost-Volume-Profit) Analysis, Safety Margin and Profit Volume Charts

Module 8 - Marginal Costing Short-term Decision Making

• Short-run Decisions: Make or Buy, Single Orders, Shortages, Choices
• Determining the Principle Factors in Decision Making
• The Meaning and Calculation of Opportunity Costs
• Limitations of Marginal Costing in Short-term Decision Making

Module 9 - Planning and Budgeting

• The Purpose of Budgets, the Budgetary Process, an Organizational Framework for Budgeting
• The Interrelationships of Budgets from Sales to Master Budget, Integrated Budgets
• Uncertainty Factors in Budgeting, Sources of Data used for Creating Budgetary
• Rolling Budgets, Zero-based Budgeting, Activity-based Budgeting

Module 10 - Standard Costing and Variance Analysis

• The Definition of Standard Costs
• Variance Analysis: Price and Quality, Adverse and Favourable
• Types of Variance, and Calculation of Cost Variances
• Variance Investigation: Variances under Marginal and Absorption Costing

Module 11 - Capital Investment Appraisal

• The Importance and Purpose of Capital Investment Appraisal
• Conventional Techniques of Appraisal: ARR, IRR, Payback
• Discounted Cash Flow Appraisal Techniques, Interest
• Risk and Uncertainty, Comparing Different Appraisal Techniques

Module 12 - Management Accounting and Control

• Single and Multi-Product/Service Businesses and Production Costing Systems
• Costing for Product Life Cycles, Value Chain Analysis
• Competitor Analysis and Competitive Advantage
• The Control and Management of Working Capital

 Your CIC Fee includes:-

• Your enrolment/registration with Cambridge International College, and your own high-quality, professionally produced and illustrated comprehensive International CIC Core Study Publication.
• A detailed, professional ‘Study & Training Guide’ with full instructions on how to study to achieve success and gain top results.  The Guide includes detailed advice on how to answer Tests and Examinations.
• Training Tests (which can be used as ‘Past Papers/Questions’) and Recommended Answers for them.
• The Final Examination sat under Invigilation/Supervision in your own area - full details, guidance and explanation of how your Examination will be arranged and how Invigilation is conducted will be provided when you register.  Note, CIC arranges Examinations in over a hundred countries worldwide for thousands of Members every year; it is a flexible, straightforward process and will be arranged when YOU are ready to write your Examination.  (An Assignment Option via email is available instead of an Exam in exceptional circumstances which prevent you being able to sit an Exam, such as due to a new outbreak of 'Covid-19' (Corona) virus or a similar pandemic; or due to an outbreak of war or hostilities in your area.)
• Your personal page on CIC’s Member Services website with access to results, despatch details, advice and guidance, and more: www.cambridgeinternationalcollege.co.uk
• Regular information and news including: Newsletters with details of special offers and new Programs and much more; and Competition Forms; by email and post.

Everything needed for your Study & Training success is included in the CIC Fee.

Additionally:

• Further Study and Training Advice, and Assistance is available before, during and after CIC Study & Training; Members may ask CIC’s team of experienced Consultants for advice on further study and Programmes to improve career prospects and advancement. 
• CIC’s experienced and helpful staff can assist with numerous special requests, such as reference/recommendation letters and transcripts, and more, by post and email.

• Accounting & Finance in Business & Management Diploma 12 months (flexible)
• Financial Management Diploma 12 months (flexible)
• Business Accounting & Finance Honours (Higher) Diploma 21 months (flexible)
• Financial Administration (BFA) Baccalaureate 2 years (flexible)
• Finance & Investment Administration EBA: Executive Business Administration 3 years (flexible)
• Project Leadership & Management Diploma 12 months (flexible)

This course opens up many career possibilities, not limited only to the accounting field.  Qualified, trained cost accountants - like those who study and successfully complete this course - are needed in all sorts of enterprises, including industrial, manufacturing, project management and service-providing companies.

Accounting and financial personnel who already have accounting studies will also greatly benefit from increasing their cost accounting knowledge, as will managers and business people in all types of business environments.

There is a wide range of options for further study - see the "Related Courses" section for suggestions - which include Honours Diplomas, ABA & Baccalaureate Programmes, and the 'Double Award' EBA & BBA Bachelor degree Programme.  You are welcome to ask the College for advice, and of course you can see details of these Programmes on this website.