Principles of Cost Accounting and Cost Reduction Strategies
Details
To teach the best practice in principles of cost accounting and cost reduction.
Outline
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.
TRAINING METHODOLOGY
Speaker/s
Special Offer
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.