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

For those who work in cost accounting at a company, those who are preparing to start a business, or those who run a small or medium-sized business, I will easily explain the concept of cost.

(5.0) 2 reviews

17 learners

  • dymanagementlab
회계
실무
계산
cost reduction
Accounting
Business Plan
Performance Management
Financial Management

Reviews from Early Learners

What you will learn!

  • cost price

  • Break-even point

  • Performance evaluation

  • Business plan

  • Cost accounting


DY Management Research Institute

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

This is Daeyoung Ryu, who runs the 'DY Management Research Institute' on YouTube and N Blog.

I would like to help those who are working in related fields based on my experience in the company and what I have studied in management. I will provide an approach that can help you in a very practical way in cost, management, accounting, financial business plan, investment attraction, and overall management. If you would like to collaborate on a lecture I have posted or my area of expertise, please contact me by email!


※ Areas of expertise:

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

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

  • We welcome lectures/work requests/Q&As related to specialized fields and YouTube videos.




※ Introducing the cost/management accounting lecture.


I recommend this course to those who have started related work in a company or want to study and expand their field of work. The reality is that work is given to you in a company, but there is no one to teach you and there is no place to learn.


If you are working and have not majored in cost/management accounting, you may have vague difficulties with this field. Even if you have studied business administration, there are probably many people who have vague memories.


Just watching this one lecture will help you understand the overall management of the company to some extent. It covers everything from the basics of cost to cost calculation, business planning, and performance evaluation.


I have been working in the field of cost, finance, management, and planning for 20 years in the company. I would like to share my experience and capabilities as a manufacturing cost management practitioner and manager with those who need it.

This lecture will cover the things you need to know as a cost manager at a company.




※ Table of Contents of the Lecture


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

2. Cost concept: Cost and expense, manufacturing cost and sales management expense, three elements of cost, flow of manufacturing cost, manufacturing cost statement, types of cost and profit

3. Cost calculation: Types of cost calculation, indirect cost allocation, estimated cost and actual cost calculation, cost calculation flow (Excel example)

4. Estimation and analysis of cost and profit: fixed cost and variable cost, CVP analysis (cost-operating rate-profit analysis), operating rate-contribution profit analysis

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

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

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


※ If you purchase this course, you will receive the course materials (pdf) along with cost flow (Excel) and business plan case (Excel). If you look at the Excel, it will be of great practical help.




※ Recommended for these people.


- Manufacturing workers: All employees including finance department, sales, marketing, and manufacturing management

- People who work in sales/marketing and need a cost concept

- Someone who has overall management responsibility for a small or medium-sized company

- For those in the finance department who need cost knowledge: Cost settlement process

- Those who are studying cost

- Anyone curious about cost accounting practices




※ What you can learn from this lecture


In this lecture, you will learn what cost is and how actual companies calculate costs.

Depending on the characteristics of the company, the cost calculation method is different, and you can learn about each cost calculation method.

You will also learn how to conduct business planning and performance evaluation profitability analysis.




※ Below is an excerpt from the lesson material.



Recommended for
these people

Who is this course right for?

  • Cost Accounting Manager

  • Someone preparing to start a business

  • SME Manager

Hello
This is

103

Learners

10

Reviews

4

Answers

4.6

Rating

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  • 유튜브 DY경영연구소 : www.youtube.com/@dy-4714

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유튜브와 N블로그에서 'DY경영연구소'를 운영하고 있는 류대영입니다.

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※ 전문분야 :

  • 경영/원가컨설팅, 사업성검토, 재무 사업계획 수립, 경영 시뮬레이션, 투자유치 위한 재무프로젝션 수립.

  • 엑셀 실무교육, 엑셀 활용 데이터 시각화, 엑셀을 활용한 업무효율화. 작업시간을 반으로 줄여드립니다.

  • 전문분야 및 유튜브 영상 관련하여 강의/.작업요청/Q&A환영합니다.

Curriculum

All

8 lectures ∙ (3hr 10min)

Course Materials:

Lecture resources
Published: 
Last updated: 

Reviews

All

2 reviews

5.0

2 reviews

  • cosmos7님의 프로필 이미지
    cosmos7

    Reviews 4

    Average Rating 5.0

    Edited

    5

    100% enrolled

    This was a very beneficial lecture that covers the overall flow of cost management accounting practices and also includes how to create Excel business plans! It's a lecture that contains both theory and actual practical work, and it serves as a good guide for those who are not familiar with cost management accounting. Thank you so much for kindly answering my questions!

    • dymanagementlab
      Instructor

      Thank you for the good evaluation and review. I hope my lecture helped you grasp the concepts of cost management accounting. The Excel materials provided together will be very helpful for practical application. Thank you very much for taking the course.

  • lilica80027743님의 프로필 이미지
    lilica80027743

    Reviews 3

    Average Rating 5.0

    5

    63% enrolled

    I was really overwhelmed when I was put in charge of cost management accounting at my company.. But after taking this lecture, I was definitely able to get a good grasp of it. The instructor seems to have a lot of practical experience and does a great job of pinpointing the key points and explaining them well to fit practical work. The Excel materials provided were also very helpful in understanding complex cost flows. The business plan Excel materials were also very helpful in understanding and establishing business plans. Thank you so much. This is truly the best lecture for this price.

    • dymanagementlab
      Instructor

      Thank you for the evaluation and review. Cost management accounting plays a very important role in companies. I hope my lectures and materials have been helpful for your work at the company. Thank you.

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