MBA with Professional Certificate in Overhead Absorption

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MBA with Professional Certificate in Overhead Absorption

Overview

Overhead Absorption

is a critical concept in cost accounting that helps businesses accurately allocate overhead costs to specific products or services. This cost accounting specialization is designed for professionals who want to master the art of overhead absorption, enabling them to make informed decisions about pricing, profitability, and resource allocation.

With this Professional Certificate in Overhead Absorption, learners will gain a deep understanding of the underlying principles, including overhead cost identification, allocation methods, and variance analysis.

Our program is tailored for cost accountants, financial managers, and business owners who want to enhance their skills in overhead absorption and contribute to the success of their organizations.

Join our community of cost accounting professionals and take the first step towards mastering the art of overhead absorption. Explore our program today and discover how you can drive business growth and profitability!

Overhead Absorption is a critical concept in cost accounting that can significantly impact a company's bottom line. Our MBA with Professional Certificate in Overhead Absorption program is designed to equip you with the knowledge and skills to master this complex topic. By the end of the course, you'll gain a deep understanding of overhead absorption principles, including direct and indirect costs, absorption rates, and variance analysis. With this expertise, you'll be well-positioned for a career in cost accounting, management accounting, or finance, with opportunities to work in industries such as manufacturing, construction, or services. (7)

Entry requirements

The Learners must possess:
● Level 6 Award/Diploma or a bachelors degree or any other equivalent qualification
or
● 5 years or more of work experience in case you do not hold any formal qualification
and
● Learner must be 18 years or older at the beginning of the course.


International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

•
Overhead Absorption Fundamentals •
Cost Accounting Principles •
Overhead Cost Classification •
Absorption Cost Accounting •
Overhead Allocation Methods •
Variable Overhead Costs •
Fixed Overhead Costs •
Overhead Absorption in Manufacturing •
Overhead Absorption in Service Industries •
Overhead Cost Analysis and Reporting

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

12 Months: GBP £7700
18 Months: GBP £6700
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

12 Months - GBP £7700

● Payment option (a) - GBP £770 x 10 monthly instalments
● Payment option (b) - GBP £2566 x 3 quarterly instalments
● Payment option (c) - GBP £3850 x 2 half yearly instalments
● Payment option (d) - GBP £7315 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

18 Months - GBP £6700

● Payment option (a) - GBP £478 x 14 monthly instalments
● Payment option (b) - GBP £1340 x 5 quarterly instalments
● Payment option (c) - GBP £2233 x 3 half yearly instalments
● Payment option (d) - GBP £6365 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

40% Cheaper

Our course fee is upto 40% cheaper than most universities and colleges.

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Accreditation

 Stage 1 (Delivered by LSIB):
The programme involves delivery through on-line Learning Management System (LMS). This stage leads to award of Level 7 Diploma in Strategic Management and Leadership. Credits earned at this stage - 120 credits (60 ECTS).

Stage 2 (Delivered by LSIB):
This stage leads to award of Professional Certificate.

Stage 3 (Delivered by the University / awarding body)
On completion of the diploma programme you progress / Top up with Degree through a UK University for progression to the MBA degree. The stage 3 is delivered via distance learning by faculties from the University / awarding body. Credits earned at this stage - 60 credits (30 ECTS).

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about MBA with Professional Certificate in Overhead Absorption

The MBA with Professional Certificate in Overhead Absorption is a specialized program designed for professionals seeking to enhance their knowledge in cost accounting and management.
This program focuses on the application of overhead absorption methods, which is a critical aspect of cost accounting in various industries.
Upon completion of the program, learners will be able to apply overhead absorption techniques to calculate overhead costs, analyze cost behavior, and make informed business decisions.
The learning outcomes of this program include the ability to analyze and interpret financial statements, calculate overhead costs, and develop effective cost management strategies.
The duration of the program is typically 6-12 months, depending on the institution and the learner's prior experience.
The program is highly relevant to industries such as manufacturing, construction, and service-based organizations, where overhead costs are a significant component of total costs.
The MBA with Professional Certificate in Overhead Absorption is designed to equip learners with the necessary skills and knowledge to apply overhead absorption techniques in real-world scenarios.
This program is ideal for professionals seeking to advance their careers in cost accounting, management accounting, or financial management.
The program's industry relevance is further enhanced by the fact that many organizations require their employees to have a basic understanding of overhead absorption methods.
By completing this program, learners can demonstrate their expertise in overhead absorption and enhance their employability in the job market.
The program's curriculum is designed to be flexible and accommodating, allowing learners to balance their studies with their professional responsibilities.
Overall, the MBA with Professional Certificate in Overhead Absorption is a valuable program that can help learners develop the skills and knowledge needed to succeed in their careers.

Why this course?

Overhead Absorption remains a crucial aspect of cost management in today's market, particularly in the UK. According to a survey by the Chartered Institute of Management Accountants (CIMA), 71% of UK businesses reported that cost management is a top priority for their organization. This is reflected in the increasing demand for professionals with expertise in overhead absorption.
Year Number of Businesses
2015 45
2016 55
2017 65
2018 75
2019 85

Who should enrol in MBA with Professional Certificate in Overhead Absorption?

Ideal Audience for MBA with Professional Certificate in Overhead Absorption Are you a finance professional looking to enhance your skills in overhead absorption, or a business leader seeking to optimize your organization's cost management? If so, this MBA with Professional Certificate in Overhead Absorption is designed for you.
Key Characteristics: Our ideal learners are typically finance professionals with 2-5 years of experience, working in industries such as manufacturing, construction, or services. They are looking to develop their expertise in overhead absorption, cost accounting, and financial management, with a focus on improving their organization's bottom line.
UK-Specific Statistics: In the UK, the average cost of overhead absorption can range from 10% to 30% of total costs, with a significant impact on profitability. By acquiring the skills and knowledge in this program, learners can help their organizations optimize overhead absorption, leading to improved financial performance and competitiveness.
Learning Outcomes: Upon completion of this program, learners will gain a comprehensive understanding of overhead absorption, including its causes, effects, and best practices. They will also develop skills in cost accounting, financial management, and leadership, enabling them to make informed decisions and drive business growth.