Certified Cost Management Professional [CCMP]-Self Paced

By the end of this program, participants will be able to:

• Understand the Fundamentals of Cost Management – Develop a clear understanding of cost structures and cost management strategies.
• Learn Cost Accounting Principles – Gain knowledge of cost classification, allocation, and absorption.
• Apply Management Accounting Techniques – Use management accounting data to make informed business decisions.
• Implement Activity-Based Costing (ABC) – Learn how to allocate costs more accurately using ABC methods.
• Develop and Manage Budgets – Understand how to create and control budgets effectively.
• Perform Performance Measurement and Variance Analysis – Develop methods to measure performance and identify variances.
• Manage Project Costs – Learn how to control project costs and improve profitability.
• Improve Traditional Cost Management Systems – Develop methods to modernize cost management frameworks.
• Create a Cost-Conscious Culture – Promote cost awareness and accountability within the organization.
• Use Forecasting for Decision-Making – Apply forecasting techniques to anticipate and manage financial outcomes.

Modules: 

M-1: Fundamentals of Cost Management
M-2: Introduction of cost accounting
M-3: Introduction to Management Accounting
M-4: Activity Based Costing
M-5: Budget and Budgetary Control
M-6: Budgeting & Forecasting
M-7: Performance Measurement & Variance Analysis
M-8: Project Cost Management
M-9: Traditional Cost Management Systems
M-10: cost management- a culture to be nurtured

Upon completing the program, participants will be able to:

• Design and implement a comprehensive cost management strategy.
• Apply cost accounting principles to improve financial reporting and control.
• Allocate costs accurately using activity-based costing (ABC).
• Develop and monitor budgets to control expenses effectively.
• Analyze and interpret performance variances to improve financial outcomes.
• Identify cost-saving opportunities and implement cost reduction strategies.
• Improve project profitability through effective cost management.
• Develop a culture of cost awareness and accountability.
• Use management accounting insights to support strategic decision-making.
• Improve overall business performance through effective cost control.

This program is Validated and Quality Assured by Cambridge Academy of Professionals (CAP) UK. [www.acbrimdgeacademy.uk/]

Features:
Duration: 4 Months
Short Video Materials: Yes
Mode of Learning: Self-Paced

Post Completion:

• Electronic Certificate
• Digital Badge via Credly.com
• Printed Certificate available

Exam Method:

• Number of Exams: 01
• Number of Questions: 02 Written Questions
• Duration: 60 Minutes
• Total Marks: 100
• Pass Mark: 70%

Assignment: 

• Total Assignments: 05
• 01 Pre-Course Assignment (Learning Purpose)
• 03 Module Wise  Assignment
  • Total Marks: 100
  • Pass Mark: 70%
• 01 Capstone Projects
  • Total Marks: 300
  • Pass Mark: 70%

Name: James Mwangi
Designation: Finance Manager
Country: Kenya
"The course gave me practical insights into cost allocation and budgeting, helping me improve financial reporting."

Name: Abigail Mensah
Designation: Financial Analyst
Country: Ghana
"Learning about activity-based costing helped me improve the accuracy of our cost reports and reduce expenses."

Name: David Banda
Designation: Project Manager
Country: South Africa
"The project cost management module helped me control project expenses and improve profitability."

Name: Sarah Okeke
Designation: Business Consultant
Country: Nigeria
"The budgeting and variance analysis modules gave me the tools to develop more accurate financial forecasts."

Name: Joseph Kamau
Designation: Cost Controller
Country: Tanzania
"Understanding how to measure and analyze performance variances helped me improve our financial decision-making process."

• Cost Accounting
  • Proficiency in classifying, allocating, and controlling costs.
• Management Accounting
  • Skill in using financial data to support business decisions.
• Activity-Based Costing
  • Competence in accurately assigning costs to activities.
• Budgeting and Forecasting
  • Ability to develop and manage budgets effectively.
• Variance Analysis
  • Expertise in identifying and addressing performance deviations.
• Project Cost Management
  • Ability to manage project costs and improve profitability.
• Performance Measurement
  • Skill in measuring and improving financial and operational performance.
• Cost Culture and Strategy
  • Ability to develop a cost-conscious organizational culture.