Welcome to the Advanced Cost Accounting training program, designed by Global Horizon Training Center. This program aims to provide participants with a comprehensive understanding of advanced concepts and techniques in cost accounting. By exploring advanced cost accounting methodologies, participants will gain the knowledge and skills necessary to make informed decisions and optimize cost management strategies within their organizations.
Understand the role and importance of cost accounting in organizational decision-making.
Explore advanced cost accounting concepts, techniques, and tools.
Apply advanced cost accounting methodologies to analyze and control costs.
Enhance the ability to make informed managerial decisions based on cost information.
Develop skills to optimize cost management strategies and improve organizational performance.
The training program will employ a combination of instructional methods to facilitate effective learning and practical application of advanced cost accounting principles. These methods include:
Interactive Lectures: Engaging presentations by expert instructors will cover key concepts, theories, and practical examples related to advanced cost accounting.
Case Studies: Participants will analyze real-world case studies to gain insights into applying advanced cost accounting techniques and making strategic cost management decisions.
Group Discussions: Collaborative discussions will be encouraged to foster the exchange of ideas, experiences, and best practices among participants.
Hands-on Exercises: Practical exercises and simulations will allow participants to apply advanced cost accounting tools and methodologies in a controlled environment.
Q&A Sessions: Regular question and answer sessions will provide opportunities for participants to clarify doubts and seek further explanations on complex topics.
The Advanced Cost Accounting training program is designed for professionals who have a solid understanding of basic cost accounting principles and want to enhance their expertise in this field. The target audience includes:
Accounting Managers and Supervisors
Financial Controllers
Cost Accountants
Budget Analysts
Management Accountants
Business Analysts
Operations Managers
Finance Professionals seeking advanced cost accounting knowledge
Day 1:
Cost Accounting Framework and Concepts
Introduction to Advanced Cost Accounting
Cost Terminology and Classification
Costing Systems: Job Order Costing vs. Process Costing
Activity-Based Costing (ABC) and its Applications
Cost Behavior Analysis: Fixed, Variable, and Mixed Costs
Day 2:
Cost Estimation and Allocation Techniques
Cost-Volume-Profit (CVP) Analysis
Cost Estimation Methods: High-Low, Regression Analysis, and Scattergraph
Overhead Allocation Methods: Traditional and Activity-Based Costing
Cost Allocation for Joint Products and By-Products
Day 3:
Cost Analysis and Decision Making
Relevant Cost Analysis for Decision Making
Cost-Volume-Profit (CVP) Analysis for Decision Making
Make or Buy Decisions
Special Order Decisions
Product Mix Decisions and Constraints
Day 4:
Performance Measurement and Control
Standard Costing and Variance Analysis
Balanced Scorecard and Performance Measurement
Responsibility Accounting and Performance Evaluation
Transfer Pricing Methods
Cost of Quality and Quality Management
Day 5:
Strategic Cost Management and Contemporary Topics
Strategic Cost Management: Value Chain Analysis and Competitive Advantage
Target Costing and Life Cycle Costing
Activity-Based Management (ABM)
Lean Accounting and Just-in-Time (JIT) Costing
Environmental and Sustainability Cost Management