CAM Cost Accounting and Management

  • Live Vritual Classroom
  • Classroom Training
  • On-Site Training

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  • Learn with practical projects and hands on real tools.
  • Official Curriculum & Courseware Content.
  • Online Interactive Lab's Access.
  • Adaptive e-Learning with trainer's support.
  • Access Class via PC, Mobile App or on a large screen.
  • Attend Live HD Training Sessions via Go To MeetingTM. Interact with trainer and peers like in a real classroom via voice, video conference and live chat.

Course Description

About the Course

Managing costs is an important aspect of managing a company’s profitability and efficiency. During this course, we will review the various methods available to assign costs to products and services, as well as the more qualitative aspects of costing, namely quality costs and environmental costing. We will also review how the control of costs can help management to make more efficient short-term business decisions and how we can analyse the efficiency of costing methods. At the end of the course, there will be an exam and upon successful achievement of the pass mark, a certificate will be issued and the successful participants will also receive NASBA CPE credits

Schedule & Fees

Instructor-Led Online Training
Location Schedule Fees
Client's Home/Office
Duration : 5 Days
No Schedule
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Delivery Mode : Classroom Training*
Location Schedule Fees
Delhi, India
Duration : 5 Days
No Schedule
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Dubai
Duration : 5 Days
No Schedule
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Onsite
Client's Home/Office
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Objectives

Upon completion of this course, the participants will be able to:

  • Understand what is management accounting
  • Understand the differences in gross profit and inventory between different types of companies
  • Allocate production costs using job order and process costing approaches
  • Calculate inventory cost and the impact on profits of absorption and variable costing methods
  • Create a budget to calculate standard costs rates and value inventory using these rates
  • Analyse the variances between standard costs and actual costs, and allocate them appropriately
  • Understand how to analyse and allocate costs in an activity based costing system
  • Explain the advantages and disadvantages of a Just-In-Time production system
  • Explain what is Total Quality Management and the four types of quality costs
  • Use Cost-Volume-Profit analysis for profit planning, to calculate breakeven points and perform sensitivity analyses
  • Use cost benefit analysis to make short term business decisions
  • Explain the impact of environmental costs on environmental and financial performance

Target Audience

This program is designed for delegates who wish to understand the methods for cost allocation and management, and the analysis of the impact of costing options on profitability and decision making. It would benefit both individuals with no previous knowledge of cost accounting and management, and those with some experience in management accounting or finance. However, no previous knowledge of cost accounting or finance is required, as we will cover the basics before going into more details.

Individuals in the following job descriptions, as well as those with an interest in cost accounting, would benefit from this course:

  • Cost accountants
  • Management accountants
  • Finance managers
  • Financial controllers
  • Budget and forecasting controllers
  • Financial planning and analysis managers

Course Curriculum

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