Bank Cost Accounting Egyptian Banking Institute
Price: TBA

    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

    Updated on 08 November, 2015

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