Training Details
Costing system as a parallel system for financial accounts.
The pillars and components of the costing system.
Costing systems design and development skills:
- The skills of approving the policy of total charging of costs against the policies of partial charging: direct, variable or exploited.
- Element cost measurement systems design skills:
● Accounting for the cost of a material component.
● Accounting for the cost of a work item.
● Accounting for the cost of the services component.
- Skills of developing systems for determining the cost of inventory acquisition and choosing between alternative policies for expenditure pricing.
Skills of developing policies for distributing indirect and overhead costs, based on an approach ( ABC).
- Take advantage of system applications ( JIT), and expert systems for time management.
Total cost management TCM), and its role in reducing costs and supporting profitability.
Cost systems development skills based on value engineering models and value analysis.
- Skills of controlling and reducing costs and reporting on their economics:
Depending on the cost criteria ( SC).
Depending on the target cost ( TC).
Practical cases and full workshops.