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- Duration / Course length: Upto 2 Hours Start now
- Accredited by: CPD Qualification Standards
- Certificates:
- Course delivery: This course is delivered in video format
Course details
Picture yourself in the heart of a business, unravelling the mysteries behind financial choices and cost implications. “Marginal Costing in Economics: Financial Decision-Making” serves as a compass guiding you through the dense forest of economic principles. The course illuminates the core concepts of costing, demystifying the art of marginal costing, and offers insights into how financial decisions are carved from this very foundation. The curriculum stretches beyond textbook definitions, painting a comprehensive picture of how every penny impacts the larger economic canvas.Through a series of meticulously curated modules, learners dive deep into the world of cost classifications, uncovering the nuances of Cost-Volume-Profit Analysis and its significance. By the course’s end, the art of decision-making using marginal costing becomes second nature. Yet, in the spirit of holistic education, it also shines a spotlight on the limitations and criticisms of marginal costing, ensuring learners gain a balanced perspective.
Learning Outcomes
- Understand and differentiate among various costing methods.
- Analyse the principles of marginal costing and its application in financial decisions.
- Classify costs appropriately and comprehend the significance of Cost-Volume-Profit Analysis.
- Evaluate financial scenarios using the Contribution Margin Ratio for effective profit planning.
- Critically assess the limitations and criticisms associated with marginal costing.
Marginal Costing in Economics: Financial Decision-Making
- Module 01: Introduction to Costing Methods
- Module 02: Understanding Marginal Costing
- Module 03: Cost Classification
- Module 4: Cost-Volume-Profit (CVP) Analysis
- Module 05: Decision-Making Using Marginal Costing
- Module 06: Contribution Margin Ratio and Profit Planning
- Module 07: Limitations and Criticisms of Marginal Costing
- Unlimited access to the course for a lifetime.
- Opportunity to earn a certificate accredited by the CPD Quality Standards after completing this course.
- Structured lesson planning in line with industry standards.
- Immerse yourself in innovative and captivating course materials and activities.
- Assessments are designed to evaluate advanced cognitive abilities and skill proficiency.
- Flexibility to complete the Course at your own pace, on your own schedule.
- Receive full tutor support throughout the week, from Monday to Friday, to enhance your learning experience.
- Finance students and enthusiasts eager to deepen their understanding of costing.
- Business owners seeking to optimise their financial decision-making process.
- Economists aiming to strengthen their knowledge on cost implications.
- Financial consultants looking to diversify their analytical tools.
- Professionals gearing up for roles in financial planning and analysis.
Upon course completion, a written assignment test is available. Pass the test to obtain a PDF certificate for 22 AED. Original hard copy certificates are available for an additional 35 AED. Updated on 16 November, 2023
Eligibility / Requirements
This Marginal Costing in Economics: Financial Decision-Making does not require you to have any prior qualifications or experience. You can just enrol and start learning. This Marginal Costing in Economics: Financial Decision-Making was made by professionals and it is compatible with all PC’s, Mac’s, tablets and smartphones. You will be able to access the course from anywhere at any time as long as you have a good enough internet connection.
Job roles this course is suitable for:
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