Cost Accounting and Management

LEORON Professional Development Institute
Training overview
Professional Course
Virtual Classroom
For more information about duration, please visit the insitute website.

Start dates



Course description

Cost Accounting and Management

Managing costs is an important aspect of managing a company’s profitability and efficiency. During this course, we will review the various methods available to assign costs to products and services, as well as the more qualitative aspects of costing, namely quality costs and environmental costing.

We will also review how the control of costs can help management to make more efficient short-term business decisions and how we can analyse the efficiency of costing methods.

Who should attend?

Who Should Attend?

This highly practical and interactive course has been specifically designed for

This program is designed for Participants who wish to understand the methods for cost allocation and management, and the analysis of the impact of costing options on profitability and decision making. It would benefit both individuals with no previous knowledge of cost accounting and management, and those with some experience in management accounting or finance. However, no previous knowledge of cost accounting or finance is required, as we will cover the basics before going into more details. Individuals in the following job descriptions, as well as those with an interest in cost accounting, would benefit from this course:

  • Cost accountants
  • Management accountants
  • Finance managers
  • Financial controllers
  • Budget and forecasting controllers
  • Financial planning and analysis managers

Training content

Part 1

  • What is Management Accounting?
  • Cost Classification for Different Types of Companies
  • Product Costing Using Job Order Costing and Process Costing

Part 2

  • Absorption and Variable (Marginal) Costing
  • Standard Costing and Flexible Budgeting
  • Activity Based Costing and Activity Based Management
  • Just-in-time (Jit) Production Systems

Certification / Credits

Key Takeaways

  • Understand how to analyze and allocate costs in an activity based costing system
  • Calculate inventory cost and the impact on profits of absorption and variable costing methods
  • Create a budget to calculate standard costs rates and value inventory using these rates
  • Understand what is management accounting
  • Understand the differences in gross profit and inventory between different types of companies

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...

Read more and show all training delivered by this supplier

Contact info

LEORON Professional Development Institute


 Show phone number

View again
Supplier Directory
Join our Supplier Directory to:
- Gain Traffic
- Get Noticed
- Showcase Your Services
- Free Listing Available