Cost Accounting Lecture: Definition of Cost, Cost Calculation, Closing, Business Plan, Performance Evaluation

DY Management Research Institute

(Director Ryu Dae-young, Ph.D. in Business Administration/Management Consultant (Finance))

• YouTube: www.youtube.com/@dy-4714

• N Blog : https://blog.naver.com/udae025

• Email: daeyoung.lyu@gmail.com

I am Ryu Dae-young, who operates 'DY Management Research Institute' on YouTube and Naver Blog.

Based on my company experience and business administration studies, I want to help those working in related fields. I provide a very practical approach that can immediately help with cost accounting, management, accounting, finance, business planning, investment attraction, and overall business management. If you want to collaborate on the courses I've uploaded or in my areas of expertise, please contact me via email!

※ Area of Expertise:

• Management/cost consulting, business feasibility review, financial business plan development, management simulation, financial projection development for investment attraction.

• Excel practical training, Excel data visualization, work efficiency improvement using Excel. We'll cut your work time in half.

• I welcome lecture requests, work requests, and Q&A related to specialized fields and YouTube videos.

※ We introduce lectures on cost/management accounting.

I recommend this course to those who have started related work at a company or want to expand their work scope through study. The reality is that you're given tasks at work, but no one teaches you and there's no proper place to learn.

If you're working but didn't major in cost/management accounting, you may have vague difficulties with this field. Even if you studied business administration, many of you probably have hazy memories of it.

Just by watching this one course, it will be very helpful for you to understand the overall management of a company to some extent. It covers everything from the basics of cost accounting to cost calculation, business planning, and performance evaluation.

I have been working in the fields of cost accounting, finance, management, and planning in corporations for 20 years. As a practitioner and manager in manufacturing cost management, I would like to share my experience and expertise with those who need it.

I will conduct a lecture on the matters that corporate cost management personnel should know.

※ Course Curriculum

1. What is Cost Management Accounting? : Definition of cost management accounting, differences between financial accounting and management accounting

2. Cost Concepts: Cost and Expense, Manufacturing Cost and Selling & Administrative Expenses, Three Elements of Cost, Flow of Manufacturing Costs, Manufacturing Cost Statement, Types of Cost and Profit

3. Cost Calculation: Types of cost calculation, indirect cost allocation, predetermined cost vs. actual cost calculation, cost calculation flow (Excel examples)

4. Estimation and Analysis of Costs and Profits: Fixed and Variable Costs, CVP Analysis (Cost-Volume-Profit Analysis), Volume-Contribution Margin Analysis

5. Business Plan : What is a Business Plan?, Business Plan Process, Role of Business Plan, Business Plan Examples (Excel Examples)

6. Performance Evaluation: Management Cycle, What is Performance Evaluation?, Purpose of Performance Evaluation, Strategic Goals and KPIs, Balanced Scorecard (BSC), KPI Selection Principles

7. Profitability Analysis: Profitability Analysis Process, Profitability Analysis Request Form, Profitability Analysis Calculation Standards, Profitability Analysis Results

※ When you purchase this course, you will receive the course materials (PDF) along with the Cost Flow (Excel) and business plan examples (Excel). The Excel files will be very helpful for practical work.

※ Recommended for these people.

- Manufacturing company employees: All staff including finance department, sales, marketing, production management, etc.

- Those working in sales/marketing who need to understand cost concepts

- Those who have management responsibility for the overall company operations in small and medium-sized enterprises

- For finance department employees who need cost knowledge: Cost closing process

- Those who are studying cost accounting

- Those curious about cost accounting practices

※ What you can learn from this course

Through this course, you can learn what cost is and how actual companies calculate costs.

Cost calculation methods differ according to the characteristics of companies, and you can learn about each cost calculation method.

You can also learn about methods for business planning, performance evaluation, and profitability analysis.

※ The following shows an excerpt from part of the curriculum.