Cost management systems (SAQA ID 119341)

Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense. It is essential for municipalities to estimate their costs for the key services that they deliver. It forms the basis of future sustainability.

Unit standard requirements

Course outcomes

On completion of this unit standard, you should be able to,

  1. Identify and apply different methods of accounting for costs in the public setting;
  2. Compile costing information for management control;
  3. Prepare cost performance reports using variance analyses techniques; and
  4. Present relevant data to support non-routine short-term decisions.



Course Features

  • Lectures 10
  • Quizzes 3
  • Duration 16 hours
  • Skill level All levels
  • Language English
  • Students 105
  • Certificate Yes
  • Assessments Yes
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