StudySection gives you an opportunity to achieve the Cost Management Certification through the Free Online Cost Management Certification Exam (Foundation) and get a hard copy of the certificate. The objective of this online certification exam is to test a candidate's knowledge of how to cost out items, services, and other cost objects, as well as offer information for planning, control, and decision-making.
The process of setting and controlling a company's budget is known as cost management. Organizations will be able to better estimate and allocate budgets if they have a robust cost management system in place. Cost management is a type of management accounting that helps a company predict upcoming expenses in order to avoid going over budget. Expenses are documented and tracked while the project plan is carried out, ensuring that the budget is not exceeded. Predicted and actual costs are compared once the project is done, giving benchmarks for future cost management plans and project budgets.
The Cost Management Free Online Certification Exam (Foundation) from StudySection is in the format of multiple-choice questions on the basic concepts of this subject. There might be some questions that have more than one right answer, and for your answer to be considered correct, you must select all the correct options. Successfully passing this certification exam from StudySection will make you eligible to get an e-Certificate, and you can also get a certificate in a hard copy format after paying a nominal fee. A certification badge is also provided that you can display on your social media accounts like LinkedIn, Facebook, and others to reflect your expertise. The online Cost Management Certification (Foundation) from StudySection will make your career profile more appealing, hence increasing your chances of landing a good job.
Topics to be covered in the Cost Management Free Online Certification Exam are the following:
- Introduction to Cost and Management Accounting
- Terminology in Cost Management
- Cost Management and Strategy
- Job Order Costing
- Activity-Based Costing and Management
- Cost Estimation
- Cost-Volume-Profit Analysis
- Strategy and the Master Budget
- Cost Planning for the Product Life Cycle
This is a Premium Exam (limited free attempts). Get SS Admission for unlimited attempts.