Course Description
Course Duration: Five Training Days
Course Language : Arabic or English
Include:
Scientific material with TAB
Workshops
Reception and farewell at the airport
Daily lunch
Coffee Break
To register, please contact us by email.
info@caclo.co.uk
Target groups :
• budget managers (analysts).
• Financial managers and candidates for the position of financial manager
• Account Heads.
• candidates for any of the previous positions.
• company managers and businessmen.
• Those interested in international certificates in the field of accounting and financial management (CMA, CPA, and IFRS)
Course Themes:
Part One: Cost Management Concepts:
• Basic concepts of cost management
• Total and variable cost theory
• indirect manufacturing cost distribution systems.
• Production Order Cost System
• cost system of production stages
• activity-based cost system.
• Product Lifecycle Cost System
• Common Costs System
Part Two: Comprehensive Budget and Estimated Financial Statements:
• forecasting and balancing sales (revenues).
• Production Balancing
• Procurement Budget
• balancing the use of materials.
• Balancing industrial wages
• balancing sales and marketing expenses.
• balance between general and administrative expenses
• Operating budget (estimated income statement)
• Cash Budget
• Statement of estimated cash flows
• estimated statement of financial position.
Part Three: Performance Management and Liability Accounting System:
• Concept of a liability accounting system
• components of the liability accounting system
• Decentralization and centres of responsibility
• Planning budgets
• standard cost system.
• Performance evaluation criteria
• analysis of static and flexible budget deviations
• Evaluation of branch and department managers
• rate of return on investment
• Excess profit rate
Part Four: Capital Budgets:
• The concept of capital budgeting
• concept of cash flows
• Preparation of the capital budget
• Methods of evaluating investments
• Net present value method.
• Internal rate of return method
• Payback period method
• Discounted payback period method
• Accounting rate of return (rate of return on investment)
• Profitability indicator method
• break-even analysis