Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
Business owners and managers seek to streamline operations usage and optimize resources in today’s deeply dynamic corporate environment. Cost and management accountants are in charge of providing information that can be used to direct economic decision-making, and they play a critical role in maximizing benefits by reducing financial waste. The Cost and Management Accounting online course by UCT introduces basic principles of accounting and covers various concepts such as process costing, variable costing, absorption costing, and job costing.
The Cost and Management Accounting training teaches about the use of various costs to do a cost-volume-profit review, monitor funds by budget and make better management decisions. The Cost and Management Accounting syllabus covers how strategies are tied to a company's financial priorities and goals and a brief description of the different categories of expenditures and expense centers in the budget. The course focuses on the definitions of inventory and different forms of inventory management.
The Highlights
- Online learning
- 7-10 hours per week
- 8 weeks duration
- Shareable certificate
- Split fee option available
- Course provider Getsmarter
- Assessments and projects
- University of Cape Town offering
Programme Offerings
- Live polls
- Case Studies
- online learning
- Self-paced learning
- Offline resources
- quizzes
- video lectures
- Infographics.
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | UCT Cape Town |
The Cost and Management Accounting fee is Rs. 49,828. Candidates can either pay the fee at one time or they can choose to pay the amount of the fee in 2 installments. An additional cost will be added to the fee if the candidate opts for a split payment option.
Fee type | Fee amount in INR |
Cost and Management Accounting fees | Rs. 49,828 |
Installment Plan
| 1st installment | Required before: 2025-03-25 | Amount Due: ₹24,914.00 INR |
| 2nd installment | Required before: 2025-04-24 | Amount Due: ₹24,914.00 INR |
Eligibility Criteria
Certification Qualifying Details
The applicant must complete all of the course modules, as well as all of the practicals, live surveys, quizzes and assignments, in order to get qualified for Cost and Management Accounting certification. Students must also meet all of the requirements specified in the course handbook to be considered for certification. Students will get a copy of the course handbook at the time of admission.
What you will learn
After completing the Cost and Management Accounting online course by UCT, candidates will learn about various types of costing systems along with variable and accounting costing. Candidates will learn about inventory management, budgeting, and the evolution of business decisions over time.
Who it is for
- Accounting and finance professionals who want to gain specific skills in cost and management accounting can join this course.
- Managers who want to gain knowledge of various tools in the accounting field for improving their decision-making skills based on financial insights.
- Business owners who want to learn about costing systems and techniques will be benefited from doing this course.
Admission Details
To enroll in the University of Cape Town's Cost and Management Accounting online training, follow the steps written below:
Step 1. To access the course webpage, visit the official webpage.
Step 2. To begin the registration, click the 'Register Now' button
Step 3. To proceed, check the consent box to confirm that you adhere to the terms and conditions
Step 4. Create an account using your personal details
Step 5. Enter the billing address and, if any, the sponsor's details
Step 6. Begin the program by paying the fee using a credit/debit card or bank wire transfer
The Syllabus
- Outline the components of management and cost accounts
- Identify the role management accounting plays in ensuring the success of a business
- Summarise the differences between fixed, variable, mixed, and semi-fixed costs
- Describe the differences between fixed, variable, mixed, and semi-fixed costs
- Identify the differences between variable and fixed costs
- Demonstrate which parts of a production process incur fixed and variable costs
- Identify the differences between variable and absorption costing
- Calculate how overheads are allocated as part of absorption costing
- Show the differences between direct and indirect costs
- Complete the variable and absorption cost element of a product
- Illustrate the relationship between cost, volume, and profit graphically
- Show the relationship between costs and changes in production or sales volumes
- Calculate the variable cost per unit and fixed costs of a business's product
- Analyze a business product using a CVP analysis
- Calculate a break-even point and margin of safety
- Select a cost reduction and pricing technique to compensate for the changes in costs and prices
- Articulate the types of budgets and budgetary cost centres
- Discuss how budgets are linked to a business's strategic plans and objectives
- Select a budgetary control method to use in a particular cost centre
- Analyse the budget of a business's product
- Predict the budgetary constraints in a particular cost centre
- Discuss how different businesses perform inventory control
- Explain the types of inventory and inventory concepts
- Apply appropriate inventory management techniques
- Apply ‘first-in, first-out (FIFO) and ‘weighted average cost’ (WAC) to a case study
- Illustrate the differences between perpetual and periodic inventory systems
- Identify the elements of job costing
- Explain how accounting differs between industries
- Calculate job costing for a business product
- Apply contract costing to a particular case study
- Outline the elements of contract costing
- Apply process costing to a case study
- Identify the steps in the process costing
- Identify the different types of standards used in management accounting
- Discuss how a standard cost is used in a business
- Calculate the standard cost of a product
- Analyze the standard cost of a product and its variances
- Compare the standard cost to actual results
- Calculate the relevant cost of a product
- Identify the elements of relevant costing
- Compare relevant costs to inform business decisions
- Decide whether a business should buy or make a product
- Defend your management decisions using relevant costing
Instructors
UCT Cape Town Frequently Asked Questions (FAQ's)
The CMA course duration is 8 weeks, candidates can learn at their own pace with Getsmarter.
Cost management accountant is responsible for utilizing their planning, decision-making and performance management skills to create a profitable financial strategy.
Yes, CMA is easier than CA because it contains fewer chapters as compared to CA.
There are a variety of jobs after completing CMA, such as Financial analyst, Finance manager, Chief financial officer(CFO), Finance risk manager, and more.