Cost Allocation and Process Costing

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

£ 4,000 - (Rs 3,32,706)
+ VAT

Important information

Description

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

Venues

Where and when

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

What you'll learn on the course

IT
Joint
Accountants
Allocation of Support Department Costs
Common Costs

Course programme

Course Contents, Concepts and Issues

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

Cost Allocation: Joint Products and By-Products

  • Joint Cost Terminology
  • Examples of Joint Cost Situations
  • Joint Process Overview
  • Reasons for Allocating Joint Costs
  • Joint Cost Allocation Methods
  • Method Selection
  • Sell-or-Process Further Decisions
  • Sell-or-Process Further Flowchart
  • By-products
  • Comparative Income Statements for Accounting for By-products

Process Costing

  • Job vs. Process Costing
  • Process Costing
  • Five-Step Process-Costing Allocation
  • Equivalent Units
  • General Ledger Cost Flows Illustrated
  • Result of the Process (As Before)
  • Transferred-In Costs
  • Hybrid Costing Systems

Additional information

Cost Allocation and Process Costing - Leading to Diploma-postgraduate, Progressing to Postgraduate Diploma, Accumulating to Ma, Mba, Msc, Incorporating Allocation Bases, Revenue Allocation and Bundled Products, Joint Products and By-products, Job Costing Vs. Process Costing (london)