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

HRODC Postgraduate Training Institute
In Central London (England)

Higher than Rs 100000

Important information

  • Course
  • Central london (England)
  • Duration:
    5 Days
  • When:
    Flexible
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
Central London
Carburton Street, W1W 5EE, London, England
See map

What you'll learn on the course

Management
Accounting
IT
Accounting MBA
Accountants
Management Accounting
IT Management
Cost analysis

Course programme

Course Contents, Concepts and Issues

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 Terms and Purposes

  • Basic Cost Terminology
  • Cost Objects Example at BMW
  • Direct and Indirect Cost
  • BMW: Assigning Costs to a Cost Object
  • Cost Examples
  • Factors Affecting Direct/Indirect Cost Classification
  • Cost Behaviour
  • Cost Behaviour Summarised
  • Cost Behaviour Visualised
  • Other Cost Concepts
  • Relevant Range Visualised
  • A Cost Caveat
  • Multiple Classifications of Costs
  • Different Types of Firms
  • Types of Manufacturing Inventories
  • Types of Product Cost
  • Accounting vs. Cost
  • Cost Flows
  • Cost Flows Visualized
  • Multiple - Step Income Statement
  • Cost of Goods Manufactured
  • Other Cost Considerations
  • Different Definitions of Costs for Different Applications
  • The Common Features of Cost Accounting and Cost Management