The Cost Accounting Workshop is a very important, comprehensive, and essential program designed to develop the skills of cost and management accounting to be
an active learning approach and techniques by using the business best practice.
Learning the costing methods will help you to build the right Budgeting and cost-control business from scratch giving you the best practices and guidance to have an integrated and dynamic business model supporting decision-making.
Identify costing concepts .
Develop skills in cost and management accounting.
Learn efficient techniques to deliver more analysis, faster and more accurately.
Build a budget and cost-control process
Improve time-saving techniques and the ability to run a dynamic module.
Demonstrate types of budget.
Cost behavior and cost objects
Actual and normal costs
Standard costs Absorption (full) costing
Variable (direct) costing
Job order costing
Process costing
Activity-based costing
Fixed and variable overhead expenses
Plant-wide versus departmental overhead
Determination of allocation base
Allocation of service department costs
Theory of constraints and throughput costing
Cost-Volume-Profit Analysis
Annual business plans (master budgets)
Project budgeting
Activity-based budgeting
Zero-based budgeting
Continuous (rolling) budgets
Flexible budgeting
Regression analysis
Exponential smoothing
Expected value
Operational budgets
Financial budgets
Capital budgets
Pro forma income
Financial statement projections
Cash flow projections
Comparison of actual to planned results
Use of flexible budgets to analyze performance
Use of standard cost systems
Professionals who need to build, modify, and understand budgeting, cost, and management accounting, Professionals with some costing experience, Corporate finance and structured finance professionals, Cost Accountants, Management Accountants, Financial reporting accountants, Budgeting managers, and Financial Managers.
