Training Details
First day
- Cost concepts and theories:
- Cost accounting in the administrative process.
- the basic Concepts .
- The basics of tabulating the elements of costs.
- cost theories.
- Cost lists.
- The concept of cost centers and the distribution of joint costs.
the second day
- Material cost:
- Material receiving control system.
- Storage system, delivery and receipt of items.
- Documentary cycle, records and accounting books.
- The problems of the cost element of materials and how to deal with them.
- Areas of development and control over the cost element of materials.
- Wage cost:
- Different methods of calculating wages, incentives and overtime.
- Analyze wasted time and how to deal with it.
- Requirements for the development of the wage system and the problems of its application.
the third day
- Analysis and charging of indirect costs:
- Fundamentals of recording and analyzing indirect costs.
- Cost centers and their classifications.
- Classification of indirect costs.
- Basis of charging indirect costs to cost centers.
the fourth day
- Recent trends in cost measurement and analysis:
- The use of the activities basis in charging overhead costs.
- Determine activity cost pools.
- Extracting cost vectors.
- Charging activities costs for products.
The fifth day
- Principles for handling joint product costs:
- Natural units method.
- Sales value method.
- net realizable value method.
- The method of deducting the costs of the product from the total costs.
- The basis for handling the costs of by-products.