Cost Accounting, Budgeting, Profitability Analysis, Strategy And Balanced Scorecard, Incorporating Cost-volume-profit Analysis, Master Budgeting, Responsibility Accounting, Inventory Costing, Pricing Decisions (London)

HRODC Postgraduate Training Institute
In Central London (England), Abu Dhabi, United Arab Emirates (United Arab Emirates), Abuja, Nigeria (Nigeria) and 47 other venues

£ 38,000 - (Rs 31,20,442)

Important information


Suitable for: This course is designed for: Chartered Accountants, Certified Accountants, Licensed Accountants, Cost Accountants, Management Accountants, Organisational Decision-makers, Inventory Managers, Quality Managers, pricing Specialists, balanced Scorecard Specialists, Etc.

Important information

Requirements: Degree or Work Experience


Where and when

Starts Location
Abu Dhabi, United Arab Emirates
Khalifa Street, 44486, Abu Dhabi, United Arab Emirates
See map
Abuja, Nigeria
Cadastral Zone A0, Central Business District, Abuja, 7069, Nigeria, Nigeria
Addis Ababa, Ethiopia
Kirkos Subcity Kebele, 21555, Ethiopia, Ethiopia
See map
Algiers, Algeria
Pins Maritimes, 16000, Algeria, Algeria
See map
Algiers, Algeria
Rue Hassiba Benbouali, 16015, Algeria, Algeria
See map
Amman, Jordan
Bin Ali Street, 11118, Jordan, Jordan
See map
See all (50)

What you'll learn on the course

Decision Making
Basic IT training
Basic IT
Inventory Management
Accounting MBA
Management Control
Management Accounting
Cost Accounting
IT Management
Sales Training

Course programme

Module Title:

  • Module 1 - Internal Accountant’s Role in an Organisations, Cost Terms and Purposes
  • Module 2 - Cost-Volume-Profit (CVP) Analysis and Job Costing
  • Module 3 - Activity Based Costing, Cost Management, Master Budgeting and Responsibility Accounting
  • Module 4 - Flexible Budget, Direct and Overhead Variances, and Management Control
  • Module 5 - Inventory Costing, Capacity Analysis and Determining Cost Behaviour
  • Module 6 - Decision-Making, Pricing Decisions and Cost Management
  • Module 7 - Strategic Profitability Analysis, Customer Profitability and Sales Variance Analysis, Incorporating Balanced Scorecard and Cost Allocation
  • Module 8 - Cost Allocation and Process Costing
  • Module 9 - Accounting for Spoilage, Rework and Scrap, with Balanced Scorecard
  • Module 10 - Inventory Management, Simplified Costing, Capital Budgeting and Cost Analysis
  • Module 11 - Management Control Systems, Transfer Pricing and Multinational Operations (1)
  • Module 12 - Performance Measurement, Compensation and Multinational Operations (2)

Limited Contents:

The Internal Accountant’s Role in an Organisation, Cost Terms and Purposes

The Accountant’s Role in an Organisation

  • Accounting Discipline Overview
  • Financial vs. Managerial Accounting
  • Strategy and Management Accounting
  • Management Accounting and Value
  • The Value Chain Illustrated
  • A Value Change Implementation
  • Key Success Factors
  • Planning and Control System
  • A Five-Step Decision Making Process in Planning and Control
  • Management Accounting Outlines
  • A Typical Organisational Structure and the Management Accountant
  • Professional Ethics

Cost-Volume-Profit (CVP) Analysis and Job Costing

Cost-Volume-Profit (CVP) Analysis

  • A Five-Step Decision-Making Process in Planning and Control Revisited
  • Foundational Assumptions in CVP
  • Basic Formulae
  • CVP: Contribution Margin
  • Cost–Volume–Profit Equation
  • Breakeven Point
  • Breakeven Point, extended: Profit Planning
  • CVP: Graphically
  • Profit Planning, Illustrated
  • CVP and Income Taxes
  • Sensitivity Analysis
  • Margin of Safety
  • Operating Leverage
  • Effects of Sales-Mix on CVP
  • Alternative Income Statement Formats

Activity Based-Costing, Cost Management, Master Budgeting and Responsibility Accounting

  • Activity Based-Costing and Cost Management
  • Background
  • Broad Averaging
  • Over and Undercosting
  • Cross-subsidization
  • An Example: Plastim
  • Plastim and ABC Illustrated
  • Plastim and ABC Rate Calculation
  • Plastim and ABC Product Costs
  • Plastim: Simple and ABC Compared
  • Conclusions
  • A Cautionary Tale
  • Rationale for Selecting a More Refined Costing System
  • Cost Hierarchies
  • ABC vs. Simple Costing Schemes
  • Activity-Based Management

Flexible Budget, Direct and Overhead Cost Variances and Management Control

Flexible Budget, Direct Cost Variances and Management Control

  • Basic Concepts
  • Variances
  • Level 1 Analysis, Illustrated
  • Evaluation
  • Flexible Budget
  • Level 2 Analysis, Illustrated
  • Level 3 Analysis, Illustrated
  • Level 3 Variances
  • Variance Summary
  • Level 3 Variances
  • Variances and Journal Entries
  • Standard Costing
  • Standard Costs can be a Useful Tool
  • Benchmarking and Variances
  • Benchmarking Example: Airlines

Inventory Costing, Capacity Analysis and Determining Costs Behaviour

Inventory Costing and Capacity Analysis

  • Inventory Costing Choices: Overview
  • Costing Comparison
  • Differences in Income
  • Comparative Income Statements
  • Comparative Income Statements—Three Years
  • Comparative Income Effects
  • Comparison of Alternative Inventory Costing Systems
  • Performance Issues and Absorption Costing
  • Inventories and Costing Methods
  • Other Manipulation Schemes Beyond Simple Overproduction
  • Management Countermeasures for Fixed Cost Manipulation Schemes
  • Income Effects of Inventory Buildup
  • Extreme Variable Costing: Throughput Costing
  • Throughput Costing Illustrated
  • Costing System Compared

Decision-Making, Pricing Decision and Cost Management

Decision Making and Other Relevant Information

  • Decision Models
  • Five-Step Decision-Making Process
  • Relevance
  • Relevant Cost Illustration
  • Features of Relevant Information
  • Sunk Costs Are Irrelevant in Decision Making
  • A Starting Point: Absorption-Based Budgeted Income Statement
  • Types of Information
  • Terminology
  • Types of Decisions
  • One-Time-Only Special Orders
  • Special Order Illustration
  • Make-or-Buy Illustration
  • Potential Problems with Relevant-Cost Analysis
  • Avoiding Potential Problems with Relevant-Cost Analysis
  • Insourcing vs. Outsourcing
  • Qualitative Factors
  • Opportunity Costs
  • Product-Mix Decisions
  • Adding or Dropping Customers
  • Customer Profitability Analysis, Illustrated
  • Adding or Discontinuing Branches or Segments
  • Adding/Closing Offices or Segments
  • Equipment-Replacement Decisions
  • Behavioural Implications

Strategic Profitability Analysis and Sales Variance Analysis: Incorporating Balanced Scorecard and Cost Allocation

Strategy, Balanced Scorecard and Strategic Profitability Analysis

  • Five Aspects of Industry Analysis
  • Basic Business Strategies
  • Implementation of Strategy
  • The Balanced Scorecard
  • Balanced Scorecard Perspectives
  • The Financial Perspective
  • The Customer Perspective
  • The Internal Business Prospective
  • The Learning and Growth Perspective
  • The Balanced Scorecard Flowchart
  • Balance Scorecard Illustrated
  • Strategy and the Balanced Scorecard, Illustrated
  • Common Balanced Scorecard Measures
  • Balanced Scorecard Implementation
  • Features of a Good Balanced Scorecard
  • Balanced Scorecard Implementation Pitfalls
  • Evaluating Strategy
  • Revenue Effect of Growth
  • Cost Effect of Growth for Variable Costs
  • Cost Effect of Growth for Fixed Costs
  • Revenue Effect of Price Recovery
  • Cost Effect of Price Recovery
  • Cost Effect of Price Recovery
  • Cost Effect of Productivity for Variable Costs
  • Cost Effect of Productivity for Fixed Costs
  • Strategic Analysis of Profitability Illustrated
  • The Management of Capacity
  • Analysis of Unused Capacity
  • Engineered vs. Discretionary Costs
  • Managing Unused Capacity

Cost Allocation and Process Costing

Allocation of Support Department Costs, Common Costs and Revenues

  • Allocating Costs of a Supporting Department to Operating Departments
  • Methods to Allocate Support Department Costs
  • Allocation Method Trade-Offs
  • Allocation Bases
  • Comparative Allocation Bases Illustrated
  • Methods of Allocating Support Costs to Production Departments
  • Choosing Between Methods
  • Allocating Common Costs
  • Methods of Allocating Common Costs
  • Cost Allocations and Contracting
  • Revenue Allocation and Bundled Products

Accounting for Spoilage, Rework and Scrap with Balanced Scorecard

Spoilage, Rework and Scrap

  • Basic Terminology
  • Accounting for Spoilage
  • Types of Spoilage
  • Process Costing and Spoilage
  • Inspection Points and Spoilage
  • The Five-Step Procedure for Process Costing with Spoilage
  • Job Costing and Spoilage
  • Job Costing and Accounting for Spoilage
  • Job Costing and Rework
  • Accounting for Scrap
  • Aspects of Accounting for Scrap
  • Number of Units of Normal and Abnormal Spoilage Changes, Depending on When
  • Inspection Occurs

Inventory Management, Simplified Costing, Capital Budgeting and Cost Analysis

Inventory Management, Just-in-Time (JIT) and Simplified Costing Methods

  • Inventory Management in Retail Organizations
  • Costs Associated with Goods for Sale
  • Management of Inventory Costs
  • The First Step in Managing Goods for Sale
  • Basic EOQ Assumptions
  • EOQ Formula
  • Ordering and Carrying Costs Illustrated
  • Ordering Points
  • Ordering Points Illustrated
  • Inventory Management and Safety Stock
  • Safety Stock Computation Illustration
  • Estimating Inventory-Related Relevant Costs
  • Carrying Costs
  • Opportunity Costs
  • Cost of a Prediction Error
  • Just-in-Time Purchasing
  • Relevant Costs in JIT Purchasing
  • Relationship between Carrying and Ordering Costs Illustrated
  • Analysis of Alternative Purchasing Policies Illustrated
  • JIT Purchasing and Supply-Chain Analysis
  • Supplier Evaluation Illustrated
  • Inventory Management and Materials Requirements Planning
  • MRP Information Inputs
  • Inventory Management and JIT Production
  • JIT Production Goals
  • JIT Production Features
  • Other Benefits of JIT Production
  • JIT and Enterprise Resource Planning Systems (ERP)
  • Performance Measures and Control in JIT
  • Backflush Costing
  • Special Considerations in Backflush Costing
  • Sample Journal Entries in Backflush Costing
  • Sample General Ledger Flows in Backflush Costing
  • Lean Accounting

Management Control Systems, Performance Measurement and Multinational Operations (1)

Management Control Systems

  • Evaluating Management Control Systems
  • Two Aspects of Motivation
  • Organization Structure and Decentralization
  • Decentralization vs. Centralization
  • Benefits of Decentralization
  • Costs of Decentralization
  • Decentralization and Multinational Firms
  • Choices about Responsibility Centres
  • Transfer Pricing
  • Three Transfer Pricing Methods
  • Market-Based Transfer Prices
  • Cost-Based Transfer Prices
  • Hybrid Transfer Prices
  • Negotiated Transfer Prices
  • Comparison of Transfer-Pricing Methods
  • Transfer Pricing Illustration
  • Minimum Transfer Price
  • Multinational Transfer Pricing and Tax Considerations