Target audiences
- Cost accountants
- Management accountants
- Cost analysts
- Operations managers
- Professionals involved in cost control and analysis
The Advanced Cost Accounting and Management Control Systems training program is designed to provide participants with a deep understanding of cost accounting and management control systems. The program covers key topics such as cost behavior, cost-volume-profit analysis, budgeting and variance analysis, activity-based costing, and performance measurement systems. Participants will also learn how to design and implement effective cost accounting and management control systems to improve organizational performance and decision-making.
Objectives:
- Develop a comprehensive understanding of cost accounting concepts and their applications in management control systems
- Learn how to use cost behavior, cost-volume-profit analysis, and variance analysis to make informed decisions about pricing, product mix, and resource allocation
- Understand the principles of budgeting and forecasting, and how to use them to support effective decision-making
- Learn about activity-based costing and how it can be used to better understand and allocate costs to products and services
- Understand the role of performance measurement systems in evaluating and improving organizational performance
- Learn how to design and implement effective cost accounting and management control systems to support organizational objectives
Overall, this Advanced Cost Accounting and Management Control Systems training program is suitable for finance professionals, cost accountants, and anyone involved in cost management or financial analysis. The program provides a deep dive into the principles of cost accounting and management control systems, and equips participants with the tools and techniques needed to make informed decisions and improve organizational performance. The program is highly interactive, with case studies and exercises to help participants apply their learning in real-world situations.
Day 1:
- Introduction to cost accounting and management control systems
- Cost behavior and cost-volume-profit analysis
- Marginal costing and absorption costing
- Understanding and analyzing cost data
Day 2:
- Budgeting and variance analysis
- Forecasting and decision-making under uncertainty
- Performance measurement systems and the balanced scorecard
Day 3:
- Activity-based costing and cost allocation
- Cost management techniques and strategies
- Managing costs in service organizations
Day 4:
- Strategic cost management and value creation
- Activity-based management and process improvement
- Target costing and life cycle costing
Day 5:
- Designing and implementing effective cost accounting and management control systems
- Case studies and exercises to apply concepts and tools
- Review and wrap-up
All our courses are provided in business centers located close to the city center.
After your course registration is complete, you will receive the invoice and comprehensive course details, which encompass information about the venue, instructor, classroom location and various logistical aspects.
For more details please contact us here