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This video from Commerce Specialist is about Life Cycle Costing. This video explains the importance of Life Cycle Costing in Product Costing and Decision Making, why Life Cycle Costing should be used. This video also explains how by using Life Cycle 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 & Calculations | St... 2. IAS 16 Property, Plant & Equipment: • IAS 16 PPE | Property, Plant & Equipment |... 3. Inventory Valuation [Systems & Methods]: • Stock Valuation Systems & Methods | Period... 4. Break Even Analysis (CVP Analysis) • Break-Even Analysis | CVP Analysis | Break... 5. IAS 7 Statement of Cash Flows: • Statement of Cash Flows | IAS 7 | Indirect... 6. Accounting for Receivables: • Accounting for Receivables | Bad Debts | P... 7. Ratio Analysis • Ratio Analysis | Financial Statement Analy... 8. MBA VS ACCA • BBA V/S ACCA | MBA V/S ACCA |SECRETS REVEA... 9. Capital Budgeting / Investment Appraisal: • INVESTMENT APPRAISAL | CAPITAL BUDGETING T... 10. Basic Accounting: • ACCOUNTING BASICS | FUNDAMENTALS OF ACCOUN... 11. Accounting Basics Part 2: • ACCOUNTING BASICS 2 | Entries | Ledger Acc... 12. How to Pass CMA • HOW TO PASS CMA USA EXAM WITHIN 1 YR | IM... 13. Operate or Shut down decisions • Operate or Shut Down Decisions |short Term... Viewers and students can contact me on [email protected] or email me at [email protected] or whatsapp me on +923219213800. #lifecyclecosting #managementaccounting #costing