Certificate in Budgeting and Cost Control (CBCC)-Self Paced

This certificate course provides foundational knowledge in cost and management accounting, focusing on practical skills in costing, budgeting, and modern techniques like activity-based costing. It aims to enhance decision-making, cost control, performance evaluation, and resource optimization.

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This certificate course provides learners with a solid foundation in the core techniques of cost and management accounting, essential for informed decision-making in production, operations, and cost centres. The course focuses on practical applications of costing principles, budgetary control, and modern cost management methods such as activity-based costing. Through structured learning, participants gain analytical and planning skills that are vital for internal cost control, performance evaluation, and resource optimization across business functions.

To introduce the fundamental principles and scope of cost accounting in business operations.
To explain the role of management accounting in strategic decision-making and performance management.
To equip learners with skills in applying Activity-Based Costing (ABC) to trace and allocate costs accurately.
To provide knowledge on budgeting techniques and how they support financial planning and control.
To develop an understanding of cost behaviour, cost structures, and their impact on profitability.
To prepare participants to use cost and management accounting tools to support operational and strategic decision-making.

M-1: Introduction to Cost Accounting

M-2: Introduction to Management Accounting

M-3: Activity-Based Costing (ABC)

M-4: Budget and Budgetary Control

M-1: Introduction to Cost Accounting

M-2: Introduction to Management Accounting

M-3: Activity-Based Costing (ABC)

M-4: Budget and Budgetary Control

Upon successful completion of this course, learners will be able to:

Define and differentiate between cost accounting and management accounting functions.
Apply costing methods to calculate unit costs and allocate overheads appropriately.
Use activity-based costing to identify cost drivers and manage indirect costs more accurately.
Develop and monitor budgets to support financial control and resource planning.
Interpret cost data and financial information to inform internal business decisions.
Support operational efficiency by providing relevant cost-related insights to production and cost centre managers.

This program is endorsed by International Professional Accreditation Council – Singapore [www.ipacglobal.org]

Features:
Duration: The Program offers self-paced completion with no set deadlines.
Short Video Materials: Yes
Mode of Learning: Self-Paced

Exam Method:

Number of Exams: 01
Number of Questions: 20 MCQ Questions
Duration: 30 Minutes
Total Marks: 100
Pass Mark: 50%

Assignment:

Total Assignments: 01
01 Capstone Projects
- Total Marks: 300
- Pass Mark: 50%

04 Practical Focus Module
Post Completion:
- Electronic Certificate

Cost Analysis Proficiency
- Ability to calculate and analyze production costs, overhead absorption, and cost classifications.
Budgeting & Forecasting
- Skill in preparing, managing, and analyzing budgets for various business units.
Strategic Cost Management
- Competence in using ABC and cost behaviour analysis to improve cost efficiency.
Decision Support
- Ability to provide actionable financial insights to managers for better operational planning.
Performance Evaluation
- Understanding of how to use cost data for variance analysis and internal reporting.
Management Accounting Application
- Capability to apply tools like break-even analysis, contribution margin, and responsibility accounting in business scenarios.