Cost Accounting and Management (In-house)
LEORON Professional Development Institute
Course description
Cost Accounting and Management (In-House)
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...
