Cost Concepts
Cost Concepts is among the Best Online Cost Accounting Courses. The purpose of this brief lecture is to introduce the spectator to the notion of cost. From there, gradually broaden the knowledge base to explain cost components, categorization, and the nature of its behavior in relation to production levels in the short and long term.
After taking this course, you should be able to tell the difference between incurred expenses and cost per unit of output. The cost behaviors in relation to output levels and time are discussed in basic yet clear words. Cost curves are depicted on a graph and are explicitly mentioned with examples in both the short and long term. The average cost curves are a natural extension of the aforementioned, and they're covered in detail in this course. To bring the notion to life for the viewer, a tabular data of samples of cost at various levels of production is explored in depth.
This job of using a real-life example will guarantee that the topic is well-understood with no possibility for misunderstanding. Overall, this is the greatest introduction course on cost principles that will prepare you for more complex costing and accounting topics. Once the foundation is established, the rest is as easy as putting together the building pieces of a sturdy structure on top of it.
This course offers:
- 100% online
- Approx. 34 mins to complete
- Subtitles: English
Outcome:
- Understand the concepts of cost
- Recognize the expense patterns
- Recognize the various cost kinds
- Know the difference between fixed and variable costs
Udemy Rating: 4.7/5
Enroll here: https://www.udemy.com/course/cost-concepts/
