Principles of Cost Accounting and Cost Reduction Strategies
120,000 INF%
09:00 to 16:00
From 26-03-18 to 29-03-18

To teach the best practice in principles of cost accounting and cost reduction.



Overview of cost Accounting

– The uses of cost data

– Cost accumulation methods

– Elements of cost


Process Costing: Joint and by-Product  Costing

– Single process costing

– Multiple process costing

– Joint products


Cost Reduction and Control

– Cost reduction defined

– Measuring performance

– The cost reduction budget


Job Order Cost System

– Direct labour costs

– Manufacturing overhead

– Finished goods

– Job order cost sheet


Cost Control

– Responsibility reporting

– Analyzing reporting

– Analyzing variances

– Controlling clerical expense


Decision Making

– Cost-volume-profit analysis

– Capital investment

– JIT and backflush costing

– EOQ (Economic order Quantities)

– Make-versus-buy decisions


FOR WHOM: Accountants, Auditors, Senior and Middle Level Financial Managers, Treasurers, Controllers and Directors/Managers or Treasury Operators.


The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.



1ST BATCH                                            2ND BATCH  

26th – 29th March, 2018                    4th – 7th September, 2018


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