Target Costing | Target Cost Gap | ACCA F5 | CMA | Management Accounting | Commerce Specialist |

This video from Commerce Specialist is about Life Cycle Costing. This video explains the importance of Target Costing in Product Costing, Decision Making, why Target Costing should be used, the Target Cost Gap, How to reduce the target cost gap. This video also explains how by using Target Costing as a costing technique, a business can avoid losses.
This tutorial/lecture video is very relevant and useful for students of I. Com, B. Com, O Levels, A Levels, BBA, MBA, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds Certification in International Auditing from ACCA-UK, a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
website link: www.comparativeedge.com
Link of my previous videos:
1. Depreciation Basics: [Methods and Calculations] • Depreciation | Methods...
2. IAS 16 Property, Plant & Equipment: • IAS 16 PPE | Property,...
3. Inventory Valuation [Systems & Methods]: • Stock Valuation System...
4. Break Even Analysis (CVP Analysis) • Break-Even Analysis | ...
5. IAS 7 Statement of Cash Flows: • Statement of Cash Flow...
6. Accounting for Receivables: • Accounting for Receiva...
7. Ratio Analysis • Ratio Analysis | Finan...
8. MBA VS ACCA • BBA V/S ACCA | MBA V/S...
9. Capital Budgeting / Investment Appraisal: • INVESTMENT APPRAISAL |...
10. Basic Accounting: • ACCOUNTING BASICS | FU...
11. Accounting Basics Part 2: • ACCOUNTING BASICS 2 | ...
12. How to Pass CMA • HOW TO PASS CMA USA EX...
13. Operate or Shut down decisions • Operate or Shut Down D...
14. Life Cycle Costing • LIFE CYCLE COSTING | P...
Viewers and students can contact me on [e-mail] or email me at [e-mail] or whatsapp me on [phone].
#target Costing #accaf5 #cmatargetcosting

[@rengensimonpeter5563]

Ur a very nice; not only Lecturer but also Father.
U can really cause understanding.
Thanks so much.

[@kamohelomoqathole1996]

i agree with you

[@dollymenghani2210]

Understood the concept, Thank you Sir! 👍

[@Masterkey1984]

You are doing great sir.More wisdom and strength

[@CommerceSpecialist]

Thx 👍❤️🙏

[@JaywantPatil-lt9qt]

Hello sir thankyou indeeed a great lecture , it will be great if you could take practical questions too for better understanding.

[@muhammadatif4475]

Sir great to listen your lectures. Well, please make section wise video lectures covering all the topics of CMA syllabus if possible.

[@adeyeminifemi-y3j]

Thank you so much Sir

[@nandinijain9095]

great explanation sir

[@CommerceSpecialist]

Thx d3ar👍🙏

[@prathimajangum90]

Very nicely explained sir thank you

[@CommerceSpecialist]

@@prathimajangum90 thx🙏👍

[@aashik1746]

fantastic sir, thank u so much for this effort👍

[@CommerceSpecialist]

You are welcome

[@eyelutalulu7266]

wow, the way you explained this was so easy to digest. Why can't text books do the same? Thank you from California !

[@CommerceSpecialist]

Thx a lot dear❤️👍🙏

[@aisheec.1275]

Thank you so much sir.. your channel is very helpful for us.. It's my request sir, please guide us about US CMA, how to practise essay question, how to improve ourself for this exam..

[@CommerceSpecialist]

Sure, tc

[@CommerceSpecialist]

I will be uploading a video on Essay Questions by wed dear.

[@twalalmohammd8028]

Thank you for the explanation

[@starrising295]

Thank you sir

[@NadiaNadia-gz2fu]

amazing

[@sophiaonus3108]

thank you sir. your break down is fantastic. can you talk also about CFA. PLEASE

[@CommerceSpecialist]

Sure

[@hb9354]

Can you please make a video on leasing topic covering both operational and finance lease types. And the Accounting treatment for both.
Much appreciated thanks.

[@CommerceSpecialist]

Sure

[@CommerceSpecialist]

Btw now there is only one type of lease, as per IFRS16.

[@blesswilliams64]

Sir,, is it necessary to refer actual cost as to estimated costs? Because, some books say target cost gap is the difference between the estimated cost and target cost...

[@CommerceSpecialist]

Both are correct, depending on the situation.😊

[@mahadihasanrupom522]

Please remake this video. This video is unclear. And your teaching quality is extraordinary.

[@nid2412]

Sir...I am graduated in 2019 bcom but I don't work.....so should pay professional fees for US CMA or academic fees??

[@CommerceSpecialist]

Professional, if you are not teaching.

[@mdimroz8259]

Sir US Cma scholarships program please ☺

[@ktthoa1303]

I like your content, but it is better if you can explain slower. You spoke so fast sometimes 🙃🙃

[@CommerceSpecialist]

Noted with thanks dear, i speak fast to keep video lenght short🙂