Cost Accounting and Artificial Intelligence Tools (2022)
Cost accounting is a type of accounting that determines the entire cost of manufacturing a product or providing a service by examining all expenses across the supply chain. It is carried out in order to set the budget and assess productivity. Administrators can use this information to determine which products, units, or programs are the most efficient and which ones need to be improved.
Cost management include determining both fixed and variable expenditures. Fixed costs are monthly losses that occur independent of manufacturing pace. Leasing, depreciation, loan interest, and rental costs are examples of different types. Inventory, labor, and maintenance expenses are examples of dynamic costs that fluctuate with changes in production levels.
For financial transaction auditing systems, Artificial Intelligence (AI) may be employed extensively. When it comes to processing a huge number of pages for tax changes, AI may be really useful. Organizations that rely on AI are likely to make significant business choices in the near future. AI also has the capacity to predict how customers should react to certain situations and difficulties. Artificial Intelligence (AI) may assist people and organizations in making better decisions at a faster rate. However, finding the correct human-machine balance is crucial.
This course offers:
- 100% online
- Approx. 52 mins to complete
- Subtitles: English
Requirements:
- It is important to have a basic understanding of English
Who this course is for:
- Owners, accountants, and managers of small businesses
- Students in college who are majoring in accounting
- Candidates for the positions of bookkeeper, CPA, and CMA
- Anyone interested in learning about cost accounting and artificial intelligence technologies in the accounting sector
Udemy Rating: 4.5/5
Enroll here: https://www.udemy.com/course/cost-accounting-and-artificial-intelligence-tools-part-1/
