Why Attend This Training Course?
Organizations throughout the public and private sectors face the imperative to improve support for operations, reduce costs, and improve efficiency. When efforts to do so are not aligned with business objectives, organizations end up spending billions of dollars on initiatives with only short-term benefits. The training course weighs the benefits and downsides of short-term cost reduction vs. strategic cost optimization programs and offers a four-level framework for prioritizing initiatives that enables departments to better support the business, both today and for the future. It also provides a framework that can help CIOs prioritize cost optimization initiatives by considering not only the potential cost savings, but also other benefits, such as time requirements, degree of organizational and technical risk, impact on customers and investment required.
What Is The Training Course Methodology?
ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.
Who Should Attend This Training Course?
The training course is designed for technical and middle departments that help senior management in offering both the required information and analysis to make investment decisions, particularly
Financial departments
Projects evaluation units
Information analysis and collection units
What Are The Training Course Objectives?
Explain the latest variables that effect cost accounting and its reflexes on cost accounting structure systems
Learn the contents and goals through cost reduction and expenditure rationalization in all the organizations, whether commercial, industrial or governmental
Acquire the cost measuring skills according used in modern methods in production and services cost measurement
Understand the cost provision importance for making the convenience decisions and other areas presentation
Develop the cost accountant performance like planning, control, cost reduction and expenditures rationalization
Obtain the required skills for expenditure rationalizations, cost reduction and measuring some of cost elements
Address some of problems handling of identified cost elements
What Is The Training Course Curriculum?
Variables and Functioning Dimension of Cost Accounting
Nature of cost accounting system
Characteristics and goals of cost systems
Structure, elements of costs concepts
Costs measurements and indicators
Cost accounting measurements methods and procedures
Disclosure methods of cost information
Variables Reflexes on Cost Accounting Job and Expenditure Rationalization
Cost systems context development
Costs systems and its contents
Cost loading theory
Methods of calculating cost
Measurement methods and procedures
Cost reduction fields and expenditure rationalization
Modern accounting methods to measure the production cost
Activity accounting
Production life cycle accounting
Achievement accounting
Target cost accounting
Practical cases
Development Fields of Cost Accounting Performance
Development fields of cost accountant performance
Activities analysis
Cost analysis
Cost planning
Cost control
Cost reduction
Case studies
Cost reports development
Requirements of cost reports development
Novelty aspects in cost report
Quality costs report
Damaged production costs report
Instrument and equipment operation follow up reports
Practical cases and models of cost reports preparation
Cost Reports Activation to Rationalize Expenditures and Reduce Cost
Convenient cost concepts to make decisions
Cost concepts
Cost analysis methods
Cost behavior study and its reflexes
Convenient costs to make decisions
Differential analysis use in making decisions
Similar cost analysis use in making decisions
Relevant cost decisions to the company policies
Purchasing cost reduction decisions
Profusion fighting costs decisions
Preventive maintenance decisions
Salaries and incentives systems restructuring decisions
Cost excellence decisions
Product redesigning decisions
Differentiation between modern technology alternatives
Cost Accounting Performance Development to Rationalize Expenditures and Reduce Costs
Measuring costs and handling them according to the internal accounting standards
Inventory Cost (standard 2)
Fixed assets acquisition costs (standard 16)
Credit cost (standard 23)
Fixed assets depreciation (16)
Maintenance and fixing costs
Financing lease
Purchasing and stoking
Other variable problems
Case studies
ACAD Professional Certificate - APC
ACAD Training & Consulting uses the power of its network to bring about positive, tangible change. We champion the training courses profession and the interests of individuals, engaged in that profession, for the benefit of all. ACAD Professional Certificates are designed for those who are enthusiastic to challenge themselves to reach the extra mile. Participants who fully attend an APC course and successfully pass the exam on the last training day, will receive an ACAD Professional Certificate (APC). APC are regionally recognized and can be esteemed when applying for more senior roles in Egypt and MENA region.
Exam Details:
Duration: 1 hour | Multiple Choice | Closed book | Pass mark: 65%
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