Cost Accounting

High Professional Advisors (HPA)

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Location: Highly Professional Advisors, Cairo, Egypt
Duration: 18 Hours

Course details

At Program completion, participants will be able to:

Understand the concepts and the roles of the Cost Accounting
Understand the difference between the Absorption Costing, Marginal Costing and identify the Break Even.
Design and implement the process costing system and understand the limitation of traditional costing system
Allocate of common costs, using different methods
Distinguish between the joint products and byproducts and methods of apportioning of the joint costs
Analyze the costs for the purposes of managerial planning, control and decision making

Overview

Cost accounting is considered the process of the collection, preparation, measurement, analysis, and communication of financial information. Cost accounting helps provide financial information used to equip managers with information needed for decision-making which improves the accuracy of decisions and enable them to control and manage resources.
As a result the cost accounting is used to effectively control operations.
Top management is keeping a sharp eye on where every pound goes. This program provides you with all the tools and information to put the best practices of cost accounting to work for your company.

Program Contents

Cost Management Terminology and Concepts

Cost accounting vs. Management Accounting
Broad Categories of costs
Cost Behavior, Cost Objects, and Cost Driver
Cost of planning, control and decision making.
Cost of Goods Sold and Cost of Goods Manufactured for merchandising & manufacturing

Cost Accumulation Systems

Job-Order Costing
Process Costing Systems for Manufacturer.
Activity-Based Costing (ABC) & Activity- Based Management (ABM)
Life Cycle costing & Value Chain (Life-Cycle) for Manufacturer.

Cost Allocation Techniques

Using variable and absorption costing to determine value of inventory, cost of goods sold, and operating income.
Joint product and by product costing and concepts of split-off-point and separable costs
Allocate the cost of service departments, such as information technology to production division or departments
Determine appropriate allocation base for Variable & Fixed overhead expenses

Marginal analysis

Break even analysis
Profit performance and alternative operating levels.
Product mix in case of constraint
Make versus buy.
Sell or process further
Add or drop a segment

Updated on 08 November, 2015

Course Location

Show map Location Highly Professional Advisors, Cairo, Egypt

About High Professional Advisors (HPA)

hpa was founded in 2004 as a joint stock company and is one of the leading companies specialized in the fields of training, consultancy, and recruitment

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