Training Details
First day
- Cost concepts and theories:
Cost accounting in the administrative process
- the basic Concepts
The basics of categorizing the elements of costs
Cost theories
Cost lists
The concept of cost centers and the distribution of joint costs
- Material cost:
Material Receipt Control System
Storage system, delivery and receipt of items
Documentary cycle, records and accounting books
Material cost component problems and how to deal with them
Areas of development and control over the cost component of materials
the second day
- Wage cost:
Different methods of calculating wages, incentives and overtime.
Analyze lost time and how to deal with it.
The requirements for developing 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:
Use the activity basis to charge overhead costs
Defining 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
Fundamentals of by-product cost processing
Computer applications of costing systems.