Diploma in Managerial and Cost Accounting - Level 3

Overview

Managerial accounting refers to the process of communicating the information of an organization to its mangers. The main aim of managerial accounting is to keep their managers well informed so that they can make effective managerial decisions to achieve the goals and objectives of the organization. Managerial accounting and cost accounting (USA standards) refers to the same process and can be used interchangeably. Managerial accounting includes all the fields of accounting in order to derive and communicate the information to the managers.

Managerial accounting is a very important aspect which decides the progress of an organization. Managerial accountants should be well educated and skilled in the managerial accounting field in order to make effective managerial decisions. Therefore, if you are a job seeker, this diploma will help you in mastering the knowledge and attributes needed to qualify you into the managerial accounting field. This diploma will also make you stand out as an eligible candidate for job positions in the managerial accounting field. Managerial accounting is practiced by almost every organization looking for progression in the industry, therefore, you can get into any reputable organization through this diploma. If you are already an employee in the managerial accounting field, this diploma will qualify you to demand job benefits such as job promotions and salary increments from the organization.

Please Note: This Course is Based on USA Standards.

Why consider 1training?

As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.

1Training offers the most convenient path to gain an internationally recognised qualification that will give you the opportunity to put into practice your skill and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.

Learning outcomes

• Understand about managerial accounting and its importance.
• Learn about planning, directing and controlling in managerial accounting.
• Gain an understanding of cost and the key components of cost.
• Understand product cost, period cost and the differences between them.
• Gain an insight into the common financial statement related issues faced by manufacturers.
• Learn about the cost of flow concept and its importance.