Certificate in Cost Accountancy

Certificate in Cost Accountant Online tutorial

Cost Accountant manages the reduction of a company’s financial waste and increasing profits. They are responsible for determining the actual costs of manufacturing and preparing the company budget. Vskills Certificate in Cost Accountancy will validate the candidate’s skills and knowledge in various areas which include cost concepts and classification, materials, labour costs, overheads analysis, job order costing, single costing, marginal costing and cost-volume-profit analysis. To understand more about the cost accountancy role, check below. 

Roles and Responsibilities of a Cost Accountant
  • The Cost Accountant Manager collects all the cost information and maintains an expense database.
  • They build data accumulation systems as well as determine fixed costs.
  • The cost accountant managers also plan and record variable costs that include purchases of raw material and operations costs.
  • Next, they review standard and actual costs for inaccuracies. And, prepare budgeting reports.
  • Lastly, they analyze and report profit margins. Moreover, they also prepare cost forecasts and assist in month-end and year-end closing.

Vskills Certificate in Cost Accountancy: Overview

Nowadays, Cost Accountancy is an essential subject for anyone who wishes to make a career in the area of finance and entrepreneurship. The Vskills Cost Accountancy certification will help candidates to learn about the factors affecting the profits in a business. Moreover, they will also understand the importance of the Cost Control and Cost reduction process for improving profits.

Certificate in Cost Accountancy Exam Process

Vskills being India’s largest certification providers gives candidates access to top exams as well as provides after exam benefits. This includes:

  • The certifications will have a Government verification tag.
  • The Certification is valid for life.
  • Candidates will get lifelong e-learning access.
  • Access to free Practice Tests.
  • Candidates will get tagged as ‘Vskills Certified’ On Monsterindia.com and  ‘Vskills Certified’ On Shine Shine.com.
Certificate in Cost Accountancy  exam details

Course Outline

Certificate in Cost Accountancy course covers the following topics –

Introduction to Cost and Management Accounting

Material Cost

Labour Cost

Direct Expenses and Overheads

Activity Based Costing

Cost Records

Costing Systems

Marginal Costing

Standard Costing

Budget, Budgeting and Budgetary Control

Cost Accounting Records and Cost Audit

Analysis and Interpretation of Financial Statements

Preparation Guide for Vskills Certificate in Cost Accountancy

Before starting preparing for the examination, candidates should get all the exam related resources. This is done so that the candidates can start preparation in a proper manner. Moreover, doing this will not only help them understand things better but it will also help them to quickly complete the syllabus. Further, this will provide an advantage to better understand the concepts. However, in the Certificate in Cost Accountancy exam preparation guide, we will discuss some of the most important resources to help you prepare well for the exam.

Certificate in Cost Accountant study guide

Review Exam Objectives

For any exam, understanding exam objectives provide a huge benefit to candidates during the preparation time. So, before starting preparing, the first task should be to get all the exam-related details that include the important contents and its resources. This will help candidates to easily start preparing for the exam and to understand things more accurately. For the Certificate in Cost Accountancy exam the topics include:

  • Introduction to Cost and Management Accounting
  • Material Cost
  • Labour Cost
  • Direct Expenses and Overheads
  • Activity-Based Costing
  • Cost Records
  • Costing Systems
  • Marginal Costing
  • Standard costing
  • Budget, Budgeting and Budgetary Control
  • Cost Accounting Records and Cost Audit
  • Analysis and Interpretation of Financial Statements
exam brochure

Vskills Online E-Learning

Vskills Certificate in Cost Accountancy provides candidates access to prepare for the exam using the online learning material for a lifetime. The online material for this is regularly updated. Moreover, the e-learning that is provided comes with hard copy material for helping candidates to improve and update the learning curve for getting better opportunities.

Refer: Certificate in Cost Accountancy Sample Chapters

Books for Reference

Reference Books can provide an advantage to learn and understand things more accurately. For the Certificate in Cost Accountancy exam, there are various books available which you can find online or in libraries. Some of the books are as follows:

  • Cost Accounting Book by Seema Srivastav
  • Cost Accounting and Management Essentials by Vibrant Publishers

Evaluate with Practice Test

After completing the topics for the Certificate in Cost Accountancy exam, candidates should start assessing using practice tests. Using practice tests will help them for better preparation. By assessing yourself with these tests candidates will know about their weak and strong areas. So, prepare well for the certification and get yourself Certified Tag.

cost accountancy practice tests
Prepare for Job Interview

If you are preparing for a role in cost accounting, then you must checkout these interview questions. The questions are designed by experts to help you to over the job interview obstacle. Checkout now !

Cost Accounting Interview Questions

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