Cost and Management Accounting

About this course

Good decisions depend on knowing what things really cost. This six-day course gives you the tools to measure, analyse and control costs, from cost behaviour and costing methods to break-even and contribution analysis.

You will practise preparing flexible budgets, calculating and explaining variances, and using relevant cost information for decisions such as make-or-buy, special orders and pricing. Worked examples and case studies keep the focus on practical results, so you can give managers clear, reliable information they can act on.

What you'll learn

• Classify costs by behaviour, function and relevance to decisions
• Apply job, process and activity-based costing methods
• Compare absorption and marginal costing and reconcile their profits
• Use cost-volume-profit analysis to find break-even points and margins of safety
• Prepare flexible budgets and calculate and interpret variances
• Apply relevant costing to make-or-buy, special order and limiting factor decisions
• Set prices using cost-based and market-based approaches

Curriculum

Who it's for

Accountants, cost controllers, financial analysts and managers who use cost information to plan and decide.

Before you start

• Basic understanding of accounting terms and financial statements

Part of these Alalamia diplomas

• Alalamia Diploma in Financial Management and Business Accounting
• Alalamia Programme in Management Accounting (CMA Preparation)