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Cost Management Accounting Lecture: Definition of Cost, Cost Calculation, Closing, Business Planning, and Performance Evaluation

I will explain cost concepts in simple terms for those handling cost accounting at work, preparing for a startup, or running a small to medium-sized enterprise.

(3.7) 3 reviews

29 learners

Level Beginner

Course period Unlimited

  • dymanagementlab
cost reduction
cost reduction
Accounting
Accounting
Business Plan
Business Plan
Performance Management
Performance Management
Financial Management
Financial Management
cost reduction
cost reduction
Accounting
Accounting
Business Plan
Business Plan
Performance Management
Performance Management
Financial Management
Financial Management

Reviews from Early Learners

Reviews from Early Learners

3.7

5.0

lilica8002

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.

What you will gain after the course

  • Cost price

  • Break-even point

  • Performance Evaluation

  • Business Plan

  • Cost Calculation


DY Management Research Institute

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

I am Daeyoung Lyu, and I run 'DY Management Institute' on YouTube and N-Blog.

Based on my corporate experience and studies in business administration, I aim to provide practical assistance to professionals in related fields. I offer highly practical approaches that can be applied immediately across various areas, including costing, management, accounting, financial business planning, investment attraction, and general management. If you are interested in my lectures or wish to collaborate within my areas of expertise, please contact me via email!


※ Areas of Expertise:

  • Management/cost consulting, feasibility studies, financial business planning, management simulation, and financial projections for fundraising.

  • Practical Excel training, data visualization using Excel, and business efficiency through Excel. We will cut your work time in half.

  • I welcome inquiries regarding lectures, project requests, and Q&A related to my areas of expertise and YouTube videos.




※ Introducing the Cost/Management Accounting course.


I recommend this course to those who have started related work at a company or wish to expand their scope of work through further study. The reality is that while you've been assigned tasks at work, no one is there to teach you, and it's hard to find a proper place to learn.


If you are working in a role without a background in cost or management accounting, you may feel a vague sense of difficulty regarding this field. Even for those who studied business administration, many likely find their memories of the subject to be quite hazy.


Watching this single lecture will be of great help in gaining a solid understanding of overall corporate management. It covers everything from the basics of costing to cost calculation, business planning, and performance evaluation.


I have 20 years of hands-on experience in corporate costing, finance, management, and planning. I would like to share the expertise and experience I have gained as a cost management practitioner and manager in the manufacturing industry with those who need it.

I will be conducting a lecture on the essential things to know as a corporate cost management professional.




※ Course Table of Contents


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

2. Cost Concepts: Cost vs. Expense, Manufacturing Cost vs. SG&A, Three Elements of Cost, Flow of Manufacturing Costs, Statement of Cost of Goods Manufactured, Types of Costs and Profits

3. Cost Accounting: Types of Cost Accounting, Indirect Cost Allocation, Predetermined vs. Actual Costing, Cost Accounting Flow (Excel Case Study)

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

5. Business Planning: What is Business Planning?, Business Planning Process, The Role of Business Planning, Business Planning Examples (Excel Examples)

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

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


※ Upon purchasing this course, you will receive the lecture materials (PDF) along with a Cost Flow template (Excel) and a Business Plan case study (Excel). These Excel files will be highly beneficial for your practical work.




※ Recommended for the following people:


- Manufacturing employees: All staff including finance, sales, marketing, and production management departments

- Those working in sales/marketing who need an understanding of cost concepts

- Those responsible for overall management in small and medium-sized enterprises (SMEs)

- Finance department employees who need knowledge of costs: Cost closing process

- Those who are studying cost accounting

- Those who are curious about practical cost accounting practices




※ What you will learn from this course


Through this lecture, you can learn what cost is and how actual companies perform cost accounting.

Cost calculation methods vary depending on the characteristics of the company, and you can learn about each of these methods.

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




※ Below are excerpts from the teaching materials.



Recommended for
these people

Who is this course right for?

  • Cost Management Specialist

  • Those preparing to start a business

  • SME CEO

Hello
This is

169

Learners

18

Reviews

5

Answers

4.5

Rating

16

Courses

I am Daeyoung Ryu, and I run 'DY Management Research Institute' on YouTube and Naver Blog.

Based on my professional experience and studies, I aim to provide practical assistance to those working in related fields. I offer highly hands-on approaches that can be immediately applied across various areas, including costing, management, accounting, financial business planning, investment attraction, and overall business management.

I am here to help. I provide highly practical and immediate solutions across cost accounting, management, accounting, financial business planning, investment attraction, and overall business management.

  • YouTube DY Management Research Institute: www.youtube.com/@dy-4714

  • Naver Blog DY Management Research Institute: https://blog.naver.com/udae025

※ Areas of Expertise:

  • Management/cost consulting, feasibility studies, financial business planning, management simulation, and financial projections for investment attraction.

  • Practical Excel training, data visualization using Excel, and improving work efficiency through Excel. I will cut your working time in half.

  • I welcome inquiries regarding lectures, project requests, and Q&A related to my areas of expertise and YouTube videos.

Data visualization and business efficiency using Excel. I will cut your work time in half. I welcome requests for lectures, projects, and Q&A regarding my areas of expertise and YouTube videos.

Curriculum

All

9 lectures ∙ (3hr 10min)

Course Materials:

Lecture resources
Published: 
Last updated: 

Reviews

All

3 reviews

3.7

3 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 6

    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.

  • donghyukshin29761님의 프로필 이미지
    donghyukshin29761

    Reviews 1

    Average Rating 1.0

    1

    100% enrolled

    There's not enough data!

    • dymanagementlab
      Instructor

      Hello. Thank you for enrolling in the course, and I apologize that you seem unsatisfied with the course content. You mentioned that the materials are insufficient... If you could let me know which parts are lacking, I will provide supplementary materials.

$26.40

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