When you complete this course, you will be able to:
Course Duration: 1 hour
This course does not offer CPE credit but does count as CPD for CIMA members.
This CPE course examines the overall purposes of costing and why it is important for a business to determine the cost of its products or services. It defines the most common cost behavior patterns which includes fixed costs, variable costs, and semi-variable costs. This course also includes details regarding both absorption and marginal costing and contains advantages and disadvantages for each. In addition, this course includes a discussion on pricing strategies based on cost.