Cost Accounting Training Course

Course Contents:
A. The Nature and Behavior of Costs:
• What is cost?
• What is an activity?
• Cost classification
• Fixed costs and stepped fixed costs
• Variable costs and semi-variable costs
• Notional costs
• Cost allocation
• Product costs and period costs
• Fundamental Principles of Costing
• Cost of Goods Sold (COGS) and Cost of Goods Manufactured (COGM)
• Preparation of Cost Sheet and Statement of Cost (Including calculation of tender
price) (Exercise on MS Excel)
• Costing Techniques: Variable Costing versus Absorption Costing (Exercise on MS
Excel)
• Material Costing
• Labour Costing
• Cost / volume /profit (CVP) and ‘what-if’ analysis (Exercise on MS Excel)
B. Standard Costing:
• The purposes of standard costing
• Variance analysis
C. Activity Based Costing (ABC):
• The activities that cause costs
• Processes and activities
• Under- and over-costing – product cost cross subsidization
• Activity based costing (ABC)
• Refinement of the costing system
• ABC and cost management
• Design of ABC systems
• The cost hierarchy and cost drivers
• Advantages and disadvantages of ABC systems.
D. Overhead costing:
• Classification, Codification & Collection of overheads
• Allocation, Apportionment and absorption of overheads
E. Methods of Costing: Job costing and Process Costing
F. Reconciliation of Cost and Financial Accounts.

Tel:
0183 580586
0123450446
0928882015
0912174305
House # 7, Block 5A, North East Ozone,
Khartoum 2, Sudan

SudaBase

Cost Accounting Training Course

Course Contents:
A. The Nature and Behavior of Costs:
• What is cost?
• What is an activity?
• Cost classification
• Fixed costs and stepped fixed costs
• Variable costs and semi-variable costs
• Notional costs
• Cost allocation
• Product costs and period costs
• Fundamental Principles of Costing
• Cost of Goods Sold (COGS) and Cost of Goods Manufactured (COGM)
• Preparation of Cost Sheet and Statement of Cost (Including calculation of tender
price) (Exercise on MS Excel)
• Costing Techniques: Variable Costing versus Absorption Costing (Exercise on MS
Excel)
• Material Costing
• Labour Costing
• Cost / volume /profit (CVP) and ‘what-if’ analysis (Exercise on MS Excel)
B. Standard Costing:
• The purposes of standard costing
• Variance analysis
C. Activity Based Costing (ABC):
• The activities that cause costs
• Processes and activities
• Under- and over-costing – product cost cross subsidization
• Activity based costing (ABC)
• Refinement of the costing system
• ABC and cost management
• Design of ABC systems
• The cost hierarchy and cost drivers
• Advantages and disadvantages of ABC systems.
D. Overhead costing:
• Classification, Codification & Collection of overheads
• Allocation, Apportionment and absorption of overheads
E. Methods of Costing: Job costing and Process Costing
F. Reconciliation of Cost and Financial Accounts.

Tel:
0183 580586
0123450446
0928882015
0912174305
House # 7, Block 5A, North East Ozone,
Khartoum 2, Sudan

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222 viewsJun 23, 2022 at 16:47