HMM
Book a meeting

Modern Strategies in Rationalizing Expenditures and Reducing Costs

Modern Strategies in Rationalizing Expenditures and Reducing 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 .  Providing participants with the necessary skills to rationalize spending, reduce costs, and measure some cost elements in accordance with the requirements of international accounting standards, while addressing some problems of addressing specific cost elements in accordance with international standards

Training Target

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

Modern Strategies in Rationalizing Expenditures and Reducing Costs

Training Details

First day

  • The nature of the cost accounting system :
  • Characteristics and objectives of the costing system .
  • The structure, elements and concepts of costs .
  • Cost metrics and indicators .
  • Methods and procedures for accounting measurement of costs.
  • Methods for disclosing cost information .

 

the second day

 

  • Develop a costing system framework :
  • The cost structure and its components.
  • Costing theories .
  • Cost Calculation Methods .
  • Measurement methods and procedures.
  • Areas of cost reduction and rationalization of expenditure.

the third 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 fourth day

  • Areas of developing the performance of the cost accountant:
  • Activities Analysis .
  • Cost Analysis .
  • Cost planning.
  • cost control .
  • cost reduction.
  • Various practical cases.

The fifth day

  • Develop cost reports :
  • Requirements for developing cost reports.
  • New aspects of cost reports .
  • Quality Cost Report .
  • Damaged production costs report.
  • Follow-up report on the operation of machinery and equipment.
  • Cases and models of the cost reporting process.

the sixth day

  • Appropriate cost concepts for decision making :
  • Cost concepts .
  • Cost analysis methods.
  • Study the behavior of costs and its implications.
  • Appropriate costs of making decisions .
  • The use of differential analysis in making decisions.
  • Use of cost symmetry analysis in decision making.
  • Various practical cases .

the seventh day

 

  • Cost decisions related to company policy :
  • Purchasing Cost Reduction Decisions .
  • Decisions to fight 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 .

 

day eight

  • Measuring and processing costs in accordance with international accounting standards :
  • Inventory costs (standard 2).
  • Fixed asset acquisition costs (Standard 16 ).
  • practical cases .

 

ninth day

 

 

  • depreciation of fixed assets ( 16 ).
  • Maintenance and repair costs .
  • Borrowing cost (standard 23 ).
  • practical cases .

 

day ten

  • financial leasing ( 17 ).
  • Purchasing and storing 2).
  • Various other problems .
  • practical cases .

Training Enrollment

Code Venue Start End Price Enroll Now
acc142 kuala lampour Sep 24, 2023 Sep 28, 2023 3000 $
Enroll Now
acc142 kuala lampour Sep 22, 2024 Sep 26, 2024 3000 $
Enroll Now

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 .

Providing participants with the necessary skills to rationalize spending, reduce costs, and measure some cost elements in accordance with the requirements of international accounting standards, while addressing some problems of addressing specific cost elements in accordance with international standards