| Start Date | End Date | Country | City |
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+966 920007771
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Objectives
- This workshop is designed as an active learning approach to develop the skills of cost and management accounting.
- By the end of this workshop, participants will be able to: acquire the knowledge, skills and attitudes required for:
- Providing the accounting data and information essential for managerial decision making
- Budgeting and cost control with the objective of achieving maximum managerial planning and control
- Directing and controlling the organizational resources with the objective of realizing the greatest profit
- Designing and developing cost information systems which are the bases for finance and managerial accounting
Outlines
- Financial accounting versus cost accounting
- Objectives of Cost Accounting
- Definition of Cost
- Cost classification and its uses
- Manufacturing statement and reporting
- Job order cost system versus process costing
- Allocation of factory overhead
- Absorption costing and variable costing
- Cost-Volume-Profit analysis CVP “Breakeven analysis”
A. Decision Making and relevant information
- Make or Buy
- Special Order
- Disinvestment
- Obsolete inventory
- Working under constrains
- Joint costs and its decisions
B. Process Costing: Equivalent units’ solution
Variance Analysis:
A. Direct Material
B. Direct Labor
C. Manufacturing overhead
Who Should Attend
Duration
5 Days
