Cost Accounting
| 26 – 30 May 2025 | Abu Dhabi | 08 – 12 Sep. 2025 | Dubai | 27 – 31 Oct. 2025 | Abu Dhabi |
Course Objectives:
By the end of this course, participants will:
1.Understand the principles and objectives of cost accounting and its role in decision-making.
2.Learn to classify, allocate, and manage costs effectively across different business activities.
3.Gain proficiency in various costing methods, including job costing, process costing, and activity-based costing.
4.Develop skills to prepare cost analysis reports that drive efficiency and profitability.
5.Enhance their ability to use cost accounting data for budgeting, pricing, and strategic planning.
Course Syllabus:
Day 1: Fundamentals of Cost Accounting
1.Introduction to Cost Accounting
2.Cost Classification and Behavior
3.Cost Accounting Systems and Processes
4.Workshop: Classifying Costs for a Business Operation
Day 2: Costing Methods and Techniques
1.Job Costing and Batch Costing
2.Process Costing
3.Activity-Based Costing (ABC)
4.Practical Exercise: Applying Costing Methods to Business Scenarios
Day 3: Cost Analysis and Decision-Making
1.Cost-Volume-Profit (CVP) Analysis
2.Budgeting and Cost Control
3.Standard Costing
4.Case Study: Using Cost Data for Strategic Decision-Making
Day 4: Strategic Applications of Cost Accounting
1.Costing for Pricing Decisions
2.Cost Reduction and Efficiency Improvement
3.Integrating Cost Accounting with Business Strategy
4.Workshop: Designing a Cost Reduction Plan for a Business Scenario
Day 5: Reporting, Monitoring, and Continuous Improvement
1.Cost Reporting and Analysis
2.Technology in Cost Accounting
3.Continuous Improvement in Cost Accounting
4.Capstone Project: Participants design and present a detailed cost accounting framework for a simulated organization.
