Introduction to Cost & Management Accounting (Paper 1.4)
This course aims to ensure that candidates understand the role, function, and principles of management accounting as it supports the decisions of management in the planning, monitoring, and control of organisations.
Instructor
John Lotsa
What You'll Learn
Course Curriculum
The nature and purpose of management accounting
This lesson introduces management accounting, explaining its objectives, its ...
Management accounting in commercial and public sector organisations
This lesson describes the role of management accounting within commercial and...
Cost models, cost behaviour and responsibility accounting
This lesson explains the various cost models and the nature of cost behaviour...
Relevant and non-relevant costs for decision making
This lesson explains the distinction between relevant and non-relevant costs,...
Accounting for materials: procurement and storage
This lesson explains the procedures and documentation involved in the orderin...
Inventory control levels and the Economic Order Quantity
This lesson explains how organisations control inventory using stock levels a...
Materials issue and inventory valuation methods
This lesson accounts for the issue of materials from stores to production, ap...
Accounting for labour
This lesson identifies and accounts for labour costs, explaining direct and i...
Overheads: classification, allocation and apportionment
This lesson classifies and analyses overheads and explains the first two stag...
Overheads: absorption
This lesson completes the treatment of overheads by calculating overhead abso...
Marginal (direct) costing and absorption costing
This lesson calculates unit costs using direct (marginal) costing and absorpt...
Specific order costing: job, batch and contract costing
This lesson applies specific order costing methods, calculating the cost and ...
Service costing
This lesson applies costing to the provision of services, identifying suitabl...
Process costing
This lesson applies process costing to continuous production, accounting for ...
Cost-volume-profit (CVP) analysis for decision making
This lesson explains cost-volume-profit analysis and its implications for dec...
Pricing of products and services
This lesson uses cost information to determine prices, selecting the most app...
Cost estimation: the high-low method and simple regression analysis
This lesson applies cost estimation techniques that separate fixed and variab...
Time series analysis and moving average trends
This lesson applies time series analysis to forecasting, identifying the tren...
Applying forecasts in budget preparation; technology in forecasting
This lesson brings the forecasting techniques together, selecting and applyin...
The purpose of budgets and the preparation of functional budgets
This lesson defines budgets and budgeting, explains why effective budgeting m...
Budgeting models and approaches
This lesson explains the differing budgeting models and evaluates alternative...
Budgetary control systems
This lesson explains the scope and importance of budgetary control systems, c...
Cash budgeting, the cash cycle and working capital
This lesson prepares cash budgets and calculates the cash cycle for a busines...
Public financial management in Ghana: key officers and legislation
This lesson describes the roles and responsibilities of the key officers resp...
Public sector budgeting: planning, objectives, challenges and approaches
This lesson explains the relationship between planning and budgeting in the p...
The budget cycle and the public sector budget in Ghana
This lesson describes the process of budgeting in Ghana public sector organis...
Public sector programmes, programme sustainability and GIFMIS
This lesson describes the nature of public sector programmes and programme su...
Standard costing
This lesson explains standard costing, describing the types of standards, the...
Basic variance analysis
This lesson calculates the basic variances between actual performance and sta...
Student Feedback
With about 4 years of experience preparing ICAG students for the exams, complemented by about 5 years of hands-on experience in both the private and public sectors in auditing and accounting roles, respectively, I bring both examination expertise and practical, real-world insight to every session. Holding the NTC license as a professional teacher speaks volumes about my pedagogical skills.
John Lotsa
InstructorWith about 4 years of experience preparing ICAG students for the exams, complemented by about 5 years of hands-on experience in both the private and public sectors in auditing and accounting roles, respectively, I bring both examination expertise and practical, real-world insight to every session. Holding the NTC license as a professional teacher speaks volumes about my pedagogical skills.