Course Description
Cost accounting is a part of management accounting that figures out the actual cost of making a product or offering a service by looking at all the expenses in the supply chain. It's done to plan budgets and see how profitable things are. The info from this helps managers figure out which products, departments, or services are making the most money and which ones need to do better.
In cost accounting, fixed costs and variable costs are figured out. Fixed costs are things like rent and interest on loans that stay the same each month, no matter how much is produced. Variable costs, like supplies and labor, change depending on how much is made. The more units produced, the more money is spent on materials and labor.
Cost accountants gather, adjust, check, and examine all financial info. They put together numbers about planning systems, wages, bonuses, and policies into financial reports. This helps management make decisions based on this info.
To get the CCAS™ Certification, you
Detailed Learning Outcomes
By earning the Project Management Certification (PMC), candidates demonstrate the ability to:
Module Information - 1
- Module 1 - The Manager and Management Accounting
- Module 2 - An Introduction to Cost Terms and Purposes
- Module 3 - Cost-Volume-Profit Analysis
- Module 4 - Job Costing
- Module 5 - Activity-Based Costing Activity Based Management
- Module 6 - Master Budget and Responsibility Accounting
- Module 7 - Flexibile Budgets, Direct-Cost Variances, and Management Control
- Module 8 - Flexible Budgests, Overhead Cost Variances, and Management Control
Module Information - 2
- Module 9 - Inventory Costing and Capacity Analysis
- Module 10 - Determining How Costs Behave
- Module 11 - Decision Making and Relevant Information
- Module 12 - Pricing Decisions and Cost Management
- Module 13 - Strategy, Balanced Scorecard, and Strategic Profitability Analysis
- Module 14 - Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis
- Module 15 - Allocation of Support-Department Costs, Common Costs, and Revenues
Module Information - 3
- Module 16 - Cost Allocation: Joint Products and Byproducts
- Module 17 - Process Costing
- Module 18 - Spoilage, Rework, and Scrap
- Module 19 - Balanced Scorecard
- Module 20 - Inventory Management, Just-in-Time and Simplified Costing Methods
- Module 21 - Management Control Systems, Transfer Pricing, and Multinational Considerations
- Module 22 - Capital Budgeting and Cost Analysis
- Module 23 - Performance Measurement, Compensation, and Multinational Considerations
Certification Validity & Renewal
The Project Management Certification (PMC) issued by GIPMC is valid for three (3) years from the date of certification award.
Renewal is designed to:
- Maintain professional credibility
- Ensure continued alignment with modern project practices
- Protect the long-term value of the certification
Renewal Process Includes:
- Completion of defined continuing professional development or knowledge refresh requirements
- Successful renewal assessment or verification, as applicable
- Submission of renewal application before certification expiry
Timely renewal allows professionals to retain active certification status without interruption.