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- Development of financial and accounting systems to rationalize expenditures and reduce costs

- Development of financial and accounting systems to rationalize expenditures and reduce costs

 Introduce the participants to the modern variables that affect cost accounting and the implications of those variables on the structure of the cost accounting system, its components and objectives in terms of cost reduction and rationalization of spending in all institutions, whether commercial, industrial or governmental.  Providing participants with the skill of measuring costs according to the modern methods used in measuring the cost of production and services .  Providing participants with the importance of providing appropriate costs for decision-making, and presenting the various areas that need to develop the performance of the cost accountant, such as planning, controlling, reducing costs and rationalizing spending .

Training Target

 Heads of financial departments  Accountants in the cost department  working accountants

- Development of financial and accounting systems to rationalize expenditures and reduce costs

Training Details

  • Develop a costing system framework

 Cost structure and its components

 Costing theories

 - Methods for calculating the cost

 Measurement methods and procedures

 Areas of cost reduction and rationalization of expenditure

the second day

 

  • Modern accounting methods for measuring production costs

 Activity based accounting

 Accounting for the product life cycle

 - Accounting for achievement

 Target cost accounting

 - Practical cases

the third day

  • Cost accountant performance development areas

 Activity Analysis

 Cost Analysis

 Cost Planning

 Cost control

 Cost Reduction

 Various practical cases

the fourth day

  • Appropriate cost concepts for decision making

 Cost concepts

 Cost analysis methods

 Studying the behavior of costs and their repercussions

 Adequate costs for making decisions

 Use of differential analysis to make decisions

 Use of cost symmetry analysis in decision making

 Various practical cases

The fifth day

 

  • Cost decisions related to company policy

 Purchasing cost reduction decisions

 Decisions to combat extravagance

 Preventive maintenance decisions

 - Decisions structuring salary and incentive systems

 Cost differentiation decisions

 Product Redesign Decisions

 - The decision to trade-off between alternatives to modern technology

 Various practical cases

Training Enrollment

Code Venue Start End Price Enroll Now
acc110 kuala lampour Sep 24, 2023 Sep 28, 2023 3000 $
Enroll Now
acc110 kuala lampour Sep 22, 2024 Sep 26, 2024 3000 $
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Description

  • Introduce the participants to the modern variables that affect cost accounting and the implications of those variables on the structure of the cost accounting system, its components and objectives in terms of cost reduction and rationalization of spending in all institutions, whether commercial, industrial or governmental.
  • Providing participants with the skill of measuring costs according to the modern methods used in measuring the cost of production and services .
  • Providing participants with the importance of providing appropriate costs for decision-making, and presenting the various areas that need to develop the performance of the cost accountant, such as planning, controlling, reducing costs and rationalizing spending .