Cost Accounting and Artificial Intelligence (AI) Tools
What you'll learn
- Learn the basics of cost accounting and its principles
- Know about the various branches of accounting
- Learn about the limitations of financial accounting
- Be aware of the objectives and functions of cost accounting
- Learn about the classification of cost
- Understand the truth that various Artificial Intelligence accounting tools exist in the internet to automate the whole accounting process
- Basic English Knowledge is necessary.
Welcome to experience "Cost Accounting and Artificial Intelligence Tools".
Ready to learn the basics of cost accounting with a glimpse of Artificial Intelligence technology usage in accounting?
Cost accounting is an important aspect of an accounting policy that calculates the total cost of producing an item or providing a service by looking at all costs within the supply chain. It is done for the purpose of planning the budget and evaluating productivity. It is helpful for administrators to assess which goods, units, or programs are most efficient and which ones require enhancement.
Cost management includes assessing expenses that are fixed and adjustable. Fixed costs are losses that recur each month regardless of the manufacturing rate. Types cover leasing, depreciation, loan interest, and rental charges. Dynamic costs are expenditures that fluctuate with shifts in the level of production, such as costs of inventory, labour, and maintenance. Such costs are related to manufacturing in that the higher the units of a product produced, the greater the price associated with the materials and labour involved in the production of the item.
This incredible course focusing on "Cost Accounting and Artificial Intelligence Tools" created by Marketing Legend "Srinidhi Ranganathan" and Practicing Cost and Management Accountant "Ravi Pacha" covers the following aspects of cost accounting which include: The meaning of cost accounting, various branches of cost accounting, functions of cost accounting, classification of cost, etc. Furthermore, we will walk you through some mind-blowing tools that leverage Artificial Intelligence in the field of Accounting to automate the complete accounting processes. While digital technology has evolved over the years, we've switched from tv to the Internet, and we're integrating Artificial Intelligence seamlessly and slowly today. John McCarthy coined the term AI for the first time in 1956. It involves many of the main things that range from robotics process automation to the actual robotics process. Because of the amount of data these types of organizations are working with, it has become highly popular with large companies today. Increasing demand for information pattern awareness has contributed to growth in the AI market. AI models are much more successful at detecting information trends than people, which help companies understand and gain insight into their target audience. Thousands of businesses around the world see AI as the next big thing for the finance industry.
Artificial Intelligence (AI) can be used widely for financial transaction auditing systems. AI can also be a great help when it comes to processing a large number of pages for tax changes. Organizations dependent on AI can be expected to make major firm-related decisions in the near future. AI also has the ability to identify how consumers should respond to different circumstances and problems. Artificial Intelligence can help people and businesses make smarter choices at a very fast pace. But the key here is to find the right human-machine balance.
Get ready to go wow. Join this course now and let's start booming. Learn some great stuff here.
Who this course is for:
- Small Business owners, Accountants and Managers
- College Students who are studying accounting as a subject
- Bookkeepers, CPA & CMA Candidates
- Anyone who is passionate to learn cost accounting and artificial intelligence technology tools in the field of accounting
Important Note: Feel free to connect with Srinidhi on LinkedIn anytime.
Catch some secretive educational videos created by Srinidhi on YouTube to further help in your learning by clicking the button on the right.
About Srinidhi Ranganathan:
Digital Marketing Consultant and Marketing Legend "Srinidhi Ranganathan" is the Chief Executive Officer (CEO) and Managing Director of First Look Digital Marketing Solutions (India's First Artificial Intelligence Powered Digital Marketing company) located in Bangalore and is one of the top instructors in India who is teaching highly futuristic digital marketing-related courses on Udemy. He is a Technologist, Digital Marketing Coach, Author, and Video Creation Specialist with over 10+ years of AIDM experience and has worked at top companies in India.
Fans call him the "World's One and Only GPT-4 Human". With an IQ Level of 365, Srinidhi has super-extreme creative thinking skills. He can give 100's of solutions with numerous permutations and combinations to challenging questions in a matter of minutes on the spot with his Hyperphantasia Super-Powers and Brilliant Visualisation Capabilities meaning that his mind actually works like an AI algorithm.
Using his innovative marketing expertise, Srinidhi provides consulting services to startups and established brands utilising strategic planning and an extensive marketing audit powered by AI.
He deploys the most comprehensive digital marketing strategy to clients worldwide that takes into account KPIs, methodology, and research statistics (utilising competitive intelligence software). Creating a growth hacking plan, content strategy, marketing mix, target segmentation analysis, competitor case-studies, brand strategy, local and global market research are also part of the consulting process to speed up a typical company's growth.
Srinidhi's experience includes the marketing of over 2,500 brands spanning diverse verticals such as luxury, e-commerce, FMCG, pharma, education and tech. A dynamic and engaging speaker and mentor, Srinidhi has delivered keynote addresses at events in India, Singapore, Australia, Germany, the UK, Indonesia, the UAE and Canada.
His AI-powered marketing audits have been quoted extensively in mainstream media. He has delivered keynotes and spoke about how AI is poised to disrupt marketing at the world's top conferences.
He's a bestselling author, best-selling blogger, entrepreneur, investor, and award-winning digital marketing professional. In a nutshell, Srinidhi is a world-renowned digital marketing thought leader with an extensive wealth of experience in marketing and e-commerce in Asia, Europe, and America. Srinidhi has helped over 135 digital marketing agencies in India and the UK. He is also a well-known digital marketing industry veteran.
Digital Marketing Legend "Srinidhi Ranganathan" has also helped startups and companies to leverage the best digital marketing strategies powered by automation to multi-fold their revenues.
Having over 945,000+ students on Udemy - he has facilitated digital marketing analysis and provided state-of-the-art marketing strategy ideas and tactical execution plans for top marketing companies in India including startups, SMB's and MNC's.
This includes strategic brainstorming sessions, Artificial Intelligence-powered market analysis, market research related to digital performance, support of various AIDM marketing initiatives for new product and consumer promotional launches, etc. He uses real-time forecasting, predictive modelling, machine learning, advanced machine learning-based optimisation techniques for business, marketing, Artificial Intelligence (AI) driven customer engagement strategies, competition monitoring software and other world-class tools.
Srinidhi gained popularity through the unique, practical yet engaging training methodologies he utilises to teach during the training sessions. Some of his training methods include gamified learning experiences conducted by virtual writing and teaching robots like "Aera 2.0" that prompt behavioural changes in students and bring forth a new kind of fascination among the crowd. These robots are virtual humans having super-intelligence capabilities. They can autonomously train anyone on topics ranging from ABC to Rocket Science, without human intervention.
Srinidhi's passionate fans call him a "Digital Marketing Legend" and he's busy working on creating new virtual and humanoid robots to revolutionise education in India and the world this year.
He is deemed to be an innovator in the field of Artificial Intelligence (AI) based Digital Marketing and is someone who has embraced many ideas and has created various environments in which team members are taught the required AI automation tools and resources to challenge the status quo, push boundaries and achieve super-extensive growth. His courses are a testament to where the future is actually heading.
"My goal has always been to give my students the AI tools to be able to leverage their digital marketing experiences, tools that allow them to build marketing success, from a whole new innovative perspective." — Srinidhi Ranganathan
Srinidhi is currently working on these ultra-futuristic advancements and creating research papers that contain information that delves 100-300 years into the future:
1) Autonomous Self-Thinking Scientific Computers
2) Personal Teleportation through Photons
3) Rise of Thought-to-Text and Dream Recognition Machines
4) Memory Regeneration with Nanobots
5) Birth of Hyper-Reality
6) Virtual Robo-Babies
7) Space-Tourism for the Wealthy
8) Mini-Flying Cities, Creation and Expansion using Maglev Technology
9) Self-Driving Flying Cars
10) Holographic Pets
11) Space-Probes (Stellar Light-Travelling Machines)
12) Virtual Digital Humans (Mind-Clones)
13) Computer-Like Lifeforms
14) Decentralised Artificial Intelligence (AI) Technologies
15) Mind-Revealing Technology
16) Cyborgs at the Workplace
17) Invisible Food
18) Temperature-Adaptable Smart Wearable Clothing
19) Holodeck-style Underwater Starship Homes
20) Yottabyte Storage Tech for Unimaginable Cloud Data Storage
21) Atmospheric Water Generation Secrets (2023-2050)
I'm an experienced Practicing Cost and Management Accountant. Having served in public sector companies for over 37 years, I specialise in cost and management accounting. I have done several projects in Procurement of materials, Tendering system, Purchase procedures, following KTPP Act and Rules. Open Tender System, Closed Tender System, Technical Bids and Financial bid system. Emergency purchases, Market risk purchases, Scrutiny of the Comparative Statement for procurement of materials. I've also handled Purchase and Stores Management and arranged for scrutiny of Purchase proposals. I've also served as a member of Purchase Negotiation Committee for Goods and Services, and recommending to the Approving Authority for Purchases.
I've also done Financial Planning and control, Follow up of Government grants and subsidies, Finalisation of Accounts, MIS, Budget and Budgetary control, Monthly performance reports, Introduction of Accounting systems, Computerisation of Cost Accounts and Financial Accounts. Preparation of Fund Flow and Cash Flow statements, Performance Reports to the Board, Preparation of Product wise Cost sheets for Managerial decisions, Price fixations etc.,
I am proud to teach on Udemy.