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Time
10:00am - 3:00pm
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End Date
21 Feb, 2022 - 23 Feb, 2022
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Price
₦175,000
Event Details
To teach the best practice in principles of cost accounting and cost reduction.
CONTENT
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
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
DATE:
1ST BATCH: 21st – 23rd Feb, 2022
2ND BATCH: 15th – 17th Aug, 2022
Other Dates
Start Date | End Date |
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15 Aug, 2022 | 17 Aug, 2022 |
Start Date | End Date |
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21 Feb, 2022 | 23 Feb, 2022 |
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