Understanding Costs

Financial analysis

Course

Understanding Costs

Instructor: Gemma Rudrum, BPP

  • Format

    Course - Online

  • Level

    Basic

  • Duration

    1h

This course looks at costs in their simplest form and aims to demystify the language of costs and costing.

Learning outcomes

  • Appreciate why it is important to understand the behaviour of costs
  • Understand and explain the various components of total costs, including: fixed costs, variable costs and semi-variable costs
  • Understand the principles of standard costing
  • Understand the uses of standard costing
  • Understand the principles of break-even analysis

£35.00 (CIMA members only)

£45.00

VAT calculated on checkout

Product information

Overview

Do you struggle to understand the different type of costs for example the difference between fixed and variable costs, semi variable and variable costs? This module looks at costs in their simplest form and aims to demystify the language of costs and costing. You will learn about the different types of costs and cost behaviour, the uses and principles of standard costing and the principles of break-even analysis

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Programme level:Basic
Duration:1h
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£35.00 (CIMA members only)

£45.00

VAT calculated on checkout

Instructor

  • Gemma Rudrum, BPP

    Gemma Rudrum qualified as a chartered accountant with Ernst & Young in 2004, working in their Assurance and Advisory team. She joined BPP in 2007 as a tutor teaching financial reporting and auditing subjects. She has also worked in our Learning Media team designing and developing content and is now our Head of Work Based Learning and runs our PGCert programme.