There are several cost concepts relevant to the business operations and decisions and for the convenience of understanding these can help you make informed decisions on profitability of a business and which prospects you should pursue. Cost analysis is linked to strategy formulation, the budgetary process and performance management.

It is important to understand how costs behave so that realistic budgets and strategies can be generated and the company can have sufficient financial and non-financial resources. Knowing this allows you to determine beforehand if any cost will decline or rise with the change in the business activity.  

You will learn to evaluate the viability of a business and how cost-volume-profit-analysis and the implications of operating a business, achieving maximum productive output and running at full capacity. This course will get you acquainted with the conceptual underpinnings of cost behaviour and provide you with important tools to plan and make decisions related to cost behaviour. This is an opportunity to learn everything you need to know about taking on a job role in the accounting and finance industry.

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