Advanced Cost Management for Business Competitiveness (Doha)

Course Contents, Concepts and Issues:

Management and Cost Management Fundamentals: A Review of Key Cost Concepts

• The Accountant’s Role in the Organization
• An Introduction to Cost Terms and Purposes
• The Use of Cost Management Information
• Creating Cost-Aware Organizations
• Review of Some Key Cost Concepts
• Product vs. Period Costs
• Direct and Indirect Costs
• Cost Behaviour: Fixed and Variable Costs
• Problems and Examples

Different Approaches to Costing: Part 1

• Absorption (Full) vs. Variable Costing
• Under-Costing and Over-Costing: The Consequences For Profitability
• How to Refine a Costing System?
• Activity-Based Costing (ABC) and Cost-Management
• Cost Hierarchy and Cost Drivers
• Linking Resources, Activities and Management
• Introducing Activity-Based Management (ABM)
• Linkages between ABM and ABC – Monitoring Value Creation
• Problems, Case Study and Examples

Different Approaches to Costing: Part 2

• Job-Costing Systems
• Process Costing Systems
• Cost Allocation
• Cost Allocation: Joint-Cost Situation
• Transfer Pricing
• Problems, Case Study and Exercises