This course will discuss the examination of the concepts, theories, principles, and practices of cost accounting;

By the end of this course, delegates will be able to:

• Examining a business situation, applying the IMA Code of Ethics, and formulating an acceptable course of action
• Learning how to analyze historical data in order to estimate costs for future management decision making
• Understanding how to calculate appropriate product costs within a designated business environment
• Preparing and interpret budgets and operating results through variance analysis

• Accounting managers
• Accountants
• Cost, budget, and systems analysts
• Auditors
• Financial planners

Anyone interested and wanted to develop his performance in accounting

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
• Lectures
• Workshop & Work Presentation
• Case Studies and Exercise
• Videos and General Discussions

DAY 1

• Introduction to cost accounting
• Introduction to cost analysis
• Cost analysis and estimation
• Fundamentals of costing

DAY 2

• Review the institute of management accountants’ standards of ethical conduct for management accountants
• Overview of sarbanes-oxley legislation
• Crossey’s fraud triangle

DAY 3

• Review cost-volume-profit analysis
• Review the behavior of variable, fixed, and mixed costs
• Contribution margin gross margin income statements
• Effect of taxes on CVP analysis
• Estimation of cost functions
• Regression analysis

DAY 4

• Detailed inventory cost flows for manufacturers and service companies
• Job order costing
• Process costing
• Transferred-in costs
• Activity based costing
• Graphical presentation of direct and indirect cost pools and flows
• Cost pools & rate calculations
• Direct (variable) and absorption (full) costing

DAY 5

• Transfer pricing
• Master/Static budget
• Static and flexible budgets
• Variance analysis

A RECTUS attendance certificate will be awarded to all participants who complete at least 80% of the total course duration.