Cost Accounting System

Cost Accounting System COURSE DESCRIPTION How You Will Benefit Apply cost accounting methods to identify profitable products and services Analyze reports to make sound pricing decisions Compare cost systems and choose the one that’s right for your company Evaluate results against budgets with greater accuracy Use cost accounting methods to optimize the use of people, resources and materials What You Will Cover Relating cost accounting to financial accounting and the planning and control process Budgets as a tool within both traditional and ABC cost systems Enhancing budgeting accuracy Product costing systems and accounting for overhead Activity-based costing for management control Standard costing and variance analysis Variance analysis for material, labor and overhead variances Requirements for establishing a direct costing system PARTICIPANT Accountants, accounting managers, cost accountants, cost analysts, budget analysts, systems analysts, auditors and financial planners. COURSE OUTLINE Introduction to Cost or Managerial Accounting Understand the Place of Cost or Managerial Accounting in Relationship to Financial Accounting Understand the Planning and Control Process and Its Relationship to...
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Strategic Purchasing & Supply Management

Strategic Purchasing & Supply Management This course leads delegates through the development and implementation of carefully crafted strategies for the acquisition of all goods, parts, equipment, and services.  This is a critical issue for all organizations wishing to reduce operating cost while improving quality and productivity. This course explores key concepts of Strategic Cost/Price Analysis, Value Analysis, and Total Cost of Ownership that will move today’s supply management organization to the strategic focus needed to achieve world-class performance. Organisations sticking to out-dated procedural and tactical approaches will be out competed by leading organisations utilising the latest approaches and techniques to ensure that their supplier base matches their ambitions. This course will feature: Setting strategies for world class procurement Maximising value for money Options for International supply chain sourcing Improving profitability by controlling total costs Understanding and managing supplier pricing models     Participant Purchasing, Procurement, Contracts, Contract Administration, Projects personnel All others who are involved in the planning, evaluation, preparation and management of purchasing and...
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