TRAINING AND COMPETENCE

EUROPE    I     MIDDLE EAST     I      AFRICA   I        ASIA 

MINISTRY OF EDUCATION AND HIGHER EDUCATION ​QATAR LICENSE NO. 03052018​​​

HEAD OFFICE IN EUROPE:​

​​Servtec FR, 26 avenue Victor Hugo, 75016 PARIS, FRANCE​

OFFICE IN QATAR​

​Ferrand Training Center
Bldg. 116, Haloul Street,
Abu Hamour, Doha, Qatar

Cost and Management Accounting

The list of courses in this category are designed to provide a better knowledge and understanding on how to effectively handle an accounting role.

Target Group:

Financial individuals, graduates, professionals, organizations

Delegate Pre-requisites:

Budgets And Financial Reports Workshop

Duration:

15 hours

Course Objectives:

  • Learn principles cost systmems and performance management

  • Know the concepts of managing performance through budgeting and costing

  • Demonstrate your competence in accounting and finance to employers and stakeholders

Course Content/Topics:

  • INTRODUCTION TO PERFORMANCE MANAGEMENT

    1. Mission, objectives and targets

    2. Mission, objectives and targets

    3. Strategy

    4. Performance measurement and performance management

    5. Responsibility center and process-based organizations

    6. Information for control: IT systems

    7. Costing systems and management accounting

    8. Organizational structures

    9. Departmentation

    10. Decentralization and divisionalisation

    11. Summary: the decision-making process

  • COSTING SYSTEMS FOR PERFORMANCE

    1. Costing

    2. Measuring cost

    3. Direct costs and indirect costs (overheads)

    4. Fixed costs and variable costs

    5. Absorption costing

    6. Over- and under-absorption

    7. Activity-based costing

  • BUDGETING

    1. The functions of a budget

    2. The budget preparation timetable

    3. Preparing functional budgets

    4. Budgets for service organizations

    5. Cash budgets

    6. Fixed and flexible budgets

    7. Computers and budgeting

  • FURTHER ISSUES WITH BUDGETS

    1. Strategic planning, operational planning and budgeting

    2. Zero-based budgeting

    3. Advantages and limitations of zero-based budgets

    4. Activity-based budgeting (ABB)

    5. Rolling budgets

    6. The behavioral implications of budgeting

    7. Using budgets as targets

    8. Beyond budgeting

  • CVP ANALYSIS

    1. Introduction

    2. Marginal costs, contribution and profit

    3. The breakeven point

    4. The margin of safety

    5. CVP and decision making

    6. Breakeven charts

    7. Multi product CVP analysis

    8. The advantages and limitations of CVP analysis

  • DECISION MAKING TECHNIQUES

    1. Introduction: decision making and relevant costs

    2. Cost behavior and decision making

    3. Relevant costs and non-relevant costs

    4. Some rules for identifying relevant costs

    5. The relevant cost of scarce resources: limiting factors

    6. Make or buy decisions

    7. Activity-based costing (ABC) and decision making

    8. Uncertainty in decision making

    9. Probabilities and expected values

  • PRICING

    1. Pricing policy

    2. Setting prices

    3. Economic factors influencing the price of a product

    4. A demand-based approach to pricing

    5. Full cost-plus pricing

    6. Variable cost-plus pricing

    7. Opportunity cost approach to pricing (marginal pricing)

    8. Fixed price tenders

    9. Target cost pricing

  • TRANSFER PRICING

    1. Transfer pricing: basic principles

    2. Profit centers and transfer pricing

    3. Problems with transfer pricing

    4. Transfers at market price

    5. Cost-based approaches to transfer pricing

    6. Opportunity cost and transfer pricing

    7. The 'general rule' 8 Negotiated transfer prices

  • INTRODUCTION TO PERFORMANCE MEASUREMENT

    1. Performance measurement and the planning and control system

    2. Disadvantages of financial performance indicators

    3. Growing emphasis on NFPIs

    4. The value of NFPIs

    5. NFPIs in relation to employees

    6. NFPIs in relation to product/service quality

    7. Qualitative issues

    8. Measuring profitability

    9. Responsibility accounting

  • COMPARING ACTUAL RESULTS WITH THE BUDGET

    1. Budgetary control

    2. Variances

    3. Flexible budgets and budgetary control

    4. Cash flow variances

  • STANDARD COSTING

    1. Standard costs and standard costing

    2. Budgets and standard costs compared

    3. Ideal, attainable and current standards

    4. Introduction to standard cost variances

    5. Direct materials variances

    6. Direct labor variances

    7. Variable production overhead variances

    8. Fixed production overhead variances

    9. Sales price and sales volume variances

    10. The reasons for variances

    11. Investigating variances

    12. Operating statements

    13. Variances in a standard marginal costing system

  • PERFORMANCE MEASUREMENT CONCEPTS

    1. Measures of shareholder value

    2. Critical success factors and key performance indicators

    3. Balanced scorecard

    4. Benchmarking

  • DIVISIONAL PERFORMANCE MEASUREMENT

    1. Divisional organization and responsibility accounting

    2. Return on investment (ROI)

    3. ROI and decision making

    4. Residual income

    5. Economic value added (EVA®)

    6. Accounting profit and controllable profit

    7. easuring divisional performance by cash flows

  • Practice Questions

Certification:

Local or International Certificate of Completion