South London College
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This Diploma in Cost Analysis – Level 3 is a wonderful program that will equip you with the necessary knowledge and skills needed to perform effective cost benefit analysis activities. Packed with materials that will enlighten you on the latest cost analysis techniques and tools, this course is ideal for anyone wishing to get into or progress within the cost analysis or related industry. This esteemed qualification will certify you as a skilled cost benefit analyst, provided you have a recognised qualification at level 2 or above in a related disciple to get started with this course.
One has be well versed with his/her job role, duties and responsibilities to make outstanding performance in a job. Therefore, this course will start off by briefing you on the role, duties and responsibilities of a cost analyst, followed up by modules that will guide you on how to identify cost behaviour and cost behaviour analysis. Topics such as break even, target income, sensitivity analysis, CVP and many more will also be amply covered through this course to further strengthen your knowledge on cost analysis.
Profitability is the driving force that motivates organisations to keep achieving more. Thus, the course curriculum will show you how to measure profitability by exposing you to the various techniques that might come in handy. This course is also a great guide that will teach you on how to calculate overall costs and return on investments in any given situation. By the end of this course, you will walk away with an accredited qualification that will be highly beneficial in your cost analysis career.
The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.
The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.
*South London College is an approved reselling partner for ABC Awards courses under Global Edulink
*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales
What Will I Learn?
- Gain a clear understanding of your job role in cost analysis and what it entails within a working environment.
- Become an expert at identifying cost behaviour and cost behaviour analysis.
- Learn about breaking even and target incomes.
- Learn techniques to measure profitability.
- Learn how to calculate overall costs in any given situation.
- Gain an understanding of cost analysis and return on investment.
Module 01 - Cost Behavior
1.1 Cost – Volume - Profit and Business Scalability
1.2 The Nature of Costs
1.3 Variable Costs
1.4 Fixed Costs
1.5 Business Implications of the Fixed Cost Structure
1.6 Economies of Scale
1.7 Dialing in Your Business Model
Module 02 - Cost Behavior Analysis
2.1 Mixed Costs
2.2 High – Low Method
2.3 Method of Least Squares
Module 03 - Break Even and Target Income I
3.1 Contribution Margin
3.2 Contribution Margin: Aggregated, per Unit, or Ratio?
3.3 Graphic Presentation
Module 04 - Break Even and Target Income II
4.1 Break – Even Calculations
4.2 Target Income Calculations
4.3 Critical Thinking about CVP
Module 05 - Sensitivity Analysis I
5.1 Changing Fixed Costs
5.2 Changing Variable Costs
5.3 Blended Cost Shifts
Module 06 - Sensitivity Analysis II
6.1 Per Unit Revenue Shifts
6.2 Margin Beware
6.3 Margin Mathematics
Module 07 - CVP for Multiple Products
7.1 Multiple Products, Selling Costs, and Margin Management
Module 08 - Assumptions of CVP
8.1 Assumptions of CVP
The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.
Method of Assessment
In order to complete the Diploma in Cost Analysis – Level 3 successfully, all students are required to complete a series of assignments. The completed assignments must be submitted via the online portal. Your instructor will review and evaluate your work and provide your feedback based on how well you have completed your assignments.
At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).
Course Code: QLS-4527
Awarding body (Accreditation)
ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.
Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.
Who is this course for?
- Accounts Officer
- Management Accountant, Accounts Executive
- Students in the Accounting field
- Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
- A recognised qualification at level 2 or above in any discipline.
- Accountant - £28,498 per annum
- Cost Analyst - £24,368 per annum
- Accounts Assistant - £18,806 per annum
- Accounts Executive - £22,224 per annum
- Staff Accountant - £24,115 per annum
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