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Course : Implementing cost accounting

Implementing cost accounting




Master the essential principles of cost accounting. Understand the concepts based on costs and cost analysis. Understand the uses, advantages and disadvantages of the different methods of calculation. Learn how to calculate profitability thresholds and so deduce optimal solutions for the company.


INTER
IN-HOUSE
CUSTOM

Practical course in person or remote class
Disponible en anglais, à la demande

Ref. ANL
  3d - 21h00
Price : 1900 € E.T.

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Master the essential principles of cost accounting. Understand the concepts based on costs and cost analysis. Understand the uses, advantages and disadvantages of the different methods of calculation. Learn how to calculate profitability thresholds and so deduce optimal solutions for the company.



Intended audience
Anyone working in accounting, administrative or financial departments with responsibility for the calculation of costs, the analysis of the accounts or the calculation of cost price.

Prerequisites
A knowledge of basic accounting mechanisms is desirable.

Course schedule

1
Defining the general principles of cost accounting

  • Relationship with general accounting and cost accounting.
  • Analysis of costs in decision making.
  • Restatement of general accounting charges.
  • Concept of costs: the components of cost, the characteristics of a cost, the issues around the method of calculation.
Hands-on work
Case study Identify the shortcomings of general accounting. Determine the inputs for cost accounting.

2
Understanding the rationale of full-cost

  • Benefits of the method.
  • Breakdown of direct and indirect costs.
  • Treatment of indirect expenses. Homogeneous sections or analysis centers.
  • Allocation keys and charge rates. Allocation schedules and choice of work units (WU).
  • Methods: implementation difficulties, disadvantages.
Hands-on work
Case study Calculation of cost price. Arbitration between finished products with a strong margin and those that are unprofitable.

3
Applying methods based on partial-cost

  • Fixed and variable costs.
  • Method of variable costs. Profitability threshold and break-even point. Direct Costing and Advanced Direct Costing.
  • Rational allocation of fixed charges.
  • Marginal cost.
Hands-on work
Case study Highlighting the inadequacies of cost price and practical work on methods of analysis of cost price.

4
Analyzing actual costs

  • Controlling budgets.
  • Standard and pre-determined costs.
  • Flexible departmental budget.
  • Analyzing the variances.
  • Difficulties inherent in budgetary control.
Hands-on work
Case study Practice analyzing “actual” and “forecast”. Optimize resources for better productivity.

5
Understanding the rationale behind activity-based costing

  • ABC method.
  • Cross-departmental processes and definition of “activities”.
  • Cost drivers.


Dates and locations
Select your location or opt for the remote class then choose your date.
Remote class

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