Course overview 

Welcome to EarthTab Business School. My name is Sophie Rousseau and I will be your course preceptor for the course,Cost Accounting And Budget Control. This course is designed to equip you, professionals, and business decision-makers with comprehensive knowledge and technical proficiency in cost accounting principles and budgetary control systems for enhanced organizational planning, operational efficiency, and financial discipline. It blends traditional cost accounting methods with modern budgetary techniques to provide a robust analytical and strategic framework that supports management in achieving profit optimization, cost containment, and financial forecasting.

The course prepares you to become cost strategists and budget managers, capable of navigating the complexities of manufacturing costs, service costing, capital budgeting, flexible budgeting, variance analysis, cost behavior analysis, and performance monitoring in both private and public sectors.

Learning Outcomes

Upon completion of the course, you will be able to:

1. Define and apply various cost accounting concepts and classifications.
   
   

2. Develop accurate cost allocation systems and overhead absorption methods.
   
   

3. Prepare cost sheets, job cost reports, and production costing summaries.
   
   

4. Construct operating budgets, capital budgets, and cash flow forecasts.
   
   

5. Differentiate between fixed, variable, semi-variable, and step costs.
   
   

6. Analyze variances in standard costing systems to inform decision-making.
   
   

7. Apply marginal costing, absorption costing, and activity-based costing (ABC).
   
   

8. Design and interpret master budgets and flexible budgets.
   
   

9. Integrate cost data into budgetary control systems for strategic planning.
   
   

10. Use cost and budget data to drive decisions in pricing, investment, and resource optimization.
    
    

Target Audience

• Finance and Accounting Professionals
  
  

• Budget Officers and Analysts
  
  

• Entrepreneurs and Business Owners
  
  

• Public Sector Finance Managers
  
  

• Auditors, Controllers, and Cost Accountants
  
  

• Students of Finance, Accounting, and Economics
  
  

Course Modules

Module 1: Introduction to Cost Accounting

Module 2: Cost Classification and Cost Behavior Analysis

Module 3: Costing Methods And Techniques

Module 4: Budgeting Concepts, Types And Techniques 

Module 5: Standard Costing And Variance Analysis 

Module 6: Cost Control And Cost Reduction Techniques

Module 7: Marginal Costing and Break-even Analysis

Module 8: Activity-Based Costing (ABC) and Modern Approaches

Module 9: Strategic Risk Management And Business Continuity In Cost Control

Module 10: Integration Of Cost Control Systems With Financial Reporting And Strategic Decision Making

Assessment Components

• Module-Based Quizzes
  
  

• Midterm Assignment: Departmental Costing and Budget Simulation
  
  

• Final Exam: 50 Questions on Cost-Budget Integration
  
  

• Capstone Project: Develop a Real-World Master Budget for an SME or Government Unit

Career and Practical Applications

• Financial Planning & Analysis (FP&A)
  
  

• Cost Auditing and Internal Control
  
  

• Public Finance and Budget Formulation
  
  

• Management Consulting and Strategy Development
  
  

• Manufacturing and Project Costing
  
  

• ERP and Accounting System Integration (SAP, Oracle, QuickBooks, Sage)

Skills You Will Acquire

• Strategic Cost Management
  
  

• Budget Planning and Execution
  
  

• Analytical Thinking & Forecasting
  
  

• Performance Measurement
  
  

• Financial Decision Support
  
  

• Managerial Reporting & Presentation
  
  

Course Delivery Method

• Format: Instructor-led, Self-paced, or Hybrid
  
  

• Materials: PDF Notes, Templates, Case Studies, Excel Models, Recorded Tutorials
  
  

• Tools Used: Excel, Google Sheets, Costing Software, ERP Budgeting Tools
  
  

• Duration: 6 to12 weeks (Flexible pacing)
  
  

• Certification: Professional Certificate in Cost Accounting and Budget Control (Issued by EarthTab Business School Academy)

I LOOK FORWARD TO CONGRATULATING YOU UPON THE COMPLETION OF THIS COURSE.