Bank Cost Accounting

Course details

During this course, participants will learn the basics of cost accounting, how to categorize costs, how to measure bank costs and revenues, and how to design a cost accounting system.

Course Description:

During this course, participants will learn the basics of cost accounting, how to categorize costs, how to measure bank costs and revenues, and how to design a cost accounting system.

Course Objectives:

• Differentiate between financial and cost accounting
• Design a cost accounting system
• Identify the various cost elements and the related accounting treatment.
• Measure bank costs and revenues

Course Outline:

Module 1: Introduction to Cost Accounting in Banks

• Concepts and goals of cost accounting.
• Difference between financial accounting and cost accounting.
• How to design a cost accounting system in banks.
• Cost units and centers in banks.
• Case studies.

Module 2: Classification and Calculation of Cost Elements in Banks

• The qualitative and functional tabulation in banks.
• Tabulation according to cost unit and activity volume, and the possibility of control.
• Cost theories in banks.
• Case studies.

Module 3: Accounting for the Cost Elements in Bank

• Accounting for purchasing material cost and storing in banks.
• Accounting for the wage expense in banks.
• Accounting for the other services in banks.
• Case studies.

Module 4: Cost Statements

• How to prepare cost statements in banks.
• Measuring costs and revenues.
• Case studies

Assessment Strategy:

Participants will be informally assessed on their interaction during sessions and their participation in exercises