Brief Introduction
Short & Crisp course on Product Life Cycle CostingDescription
Life cycle costing is a system that tracks and accumulates the actual costs and revenues attributable to cost object from its inception to its abandonment. This would involve tracing cost and revenues on a product by product base over several calendar periods.
It is different from traditional cost accounting system which reports cost object profitability on a calendar basis (i.e. monthly, quarterly and annually) whereas life cycle costing involves tracing costs and revenues of a cost object (i.e. product, project etc.) over several calendar periods (i.e. projected life of the cost object).
In this course, you will learn about
a) Meaning of Life Cycle Costing
b) Phases in Product Life Cycle
c) Benefits of Life Cycle Costing
and practical aspects of Life Cycle Costing by solving various case studies.
This course is structured in a self-paced learning style. Requesting you to use your headphones for a better learning experience. Also, keep note pad & pen alongside to take keynotes.
See you inside the course!
Requirements
- Requirements
- Basic knowledge of Costing
- Basic knowledge of Financial Management
[2021] PMP® Certification: PMP Exam Prep | Version 8.1
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