Costing, A Powerful Technique for Profit Management
Please fill following information
Outline:
After the training session, participants will be able to understand clearly-
- Costing or Cost Accounting: It’s meaning, objects, etc;
- Business objectives; Employee’s role in fulfilling it;
- Pre-condition of learning suitable Cost accounting system;
- Cost Accounting cycles;
- Types of costing applicable for specific type of industry/business units;
- Individual importance of Financial and Cost Accounting;
- Importance of cost recording, classification and continuation of costing system;
- Evidential difference between Financial and Cost Accounting;
- Benefits of maintaining Costing/ Cost Accounting;
- Establishing an effective Costing system;
- Technical aspects of Costing department:
1. Integrated accounting system
2. Easier method of implementing Costing with less cost-involvement - Cost classification Cost-Benefit Analysis;
- Absorption of General overheads;
- Cost budget and cost control;
- Cost analysis and budgetary control;
- Costing as a management tool of profit maximization in the competitive market;
- Impact of learning perfect Cost Accounting system on employee’s individual career and overall organization
- Limitations of Cost Accounting and remedial actions to be taken to trim down these drawbacks/limitations.
Who should attend?
- Junior & senior executives (up to managers);
- Enthusiastic people willing to develop careers;
- Industrialists, business professionals;
- Anyone interested in cost accounting.
Course Information
- Reg. Ends 23 January, 2022
- Start Date 24 January, 2022
- End Date 25 January, 2022
- Class Schedule 7:00 PM TO 9:00 PM
- Total Hours 4 Hours
- Venue Title Online Live Training
- Venue Address www.sudoksho.com/class-room
