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Cost Optimization Training Courses

Financial management

EduOlc Team


£69 inc VAT
Or £23.00/mo. for 3 months...
Study method
Online, On Demand What's this?
1.2 hours
No formal qualification
  • Reed courses certificate of completion - Free

1 student purchased this course

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Cost Optimization is the study of internal financial information that can influence decision-making. It’s the Financial Accounting follow-up course, which can prove more challenging for learners. For those taking Managerial/Management Accounting at university or college, we built the course to serve as a great compliment.


1h 11m

Course media


We will walk you through the theory, including examples. We will describe an outline of the process costs. In a process cost method, we will address the flow of inventory costs and monitor the process of raw material-related costs, which then flow to work in process and factory overhead, to finished products, and eventually are expensed in the form of the cost of goods sold. In order to be able to use accounting data in preparing and managing business practices, this course is intended to introduce students to existing cost accounting theories and practice. These principles are important to improve the analytical and critical thinking skills of students in reporting cost data. The aim is to build students who are eager and able to hold accountant roles in the business world. Not only can these topics save a lot of your precious time, but due to the use of outstanding audio-visual presentation techniques, they offer a fruitful and efficient learning experience.

Who is this course for?

  • Finance students, managers, accountants or anyone who wants to upgrade their skill in the area of accounting.
  • Learn this course if you want to understand the principles and concept of costing.


  • No prior accounting knowledge is necessary to learn this course.
  • Basic fundamentals of Mathematics will help.

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Reed courses certificate of completion

Digital certificate - Included

Will be downloadable when all lectures have been completed


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What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.