| Location | Duration | Kenyan Cost | Non-Kenyan Cost | Upcoming Schedules |
|---|---|---|---|---|
| Nairobi, Kenya | 5 Days | KES 115,000 | USD 1,500 | Enroll |
| Kigali, Rwanda | 5 Days | USD 1,900 | USD 1,900 | Enroll |
| Kampala, Uganda | 5 Days | USD 1,900 | USD 1,900 | Enroll |
| Dar es Salaam, Tanzania | 5 Days | USD 2,000 | USD 2,000 | Enroll |
| Dubai, UAE | 5 Days | USD 3,900 | USD 3,900 | Enroll |
| Abuja, Nigeria | 5 Days | USD 4,000 | USD 4,000 | Enroll |
| Accra, Ghana | 5 Days | USD 4,000 | USD 4,000 | Enroll |
| Pretoria, South Africa | 5 Days | USD 3,900 | USD 3,900 | Enroll |
| Start & End Date | Duration | Kenyan Cost | Non-Kenyan Cost | Enroll | |
|---|---|---|---|---|---|
| Sep 14āSep 22, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Sep 28āOct 06, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Oct 12āOct 20, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Oct 26āNov 03, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Nov 09āNov 17, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Nov 23āDec 01, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Dec 07āDec 15, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Dec 21āDec 29, 2026 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jan 04āJan 12, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jan 18āJan 26, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Feb 01āFeb 09, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Feb 15āFeb 23, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Mar 01āMar 09, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Mar 15āMar 23, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Mar 29āApr 06, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Apr 12āApr 20, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Apr 26āMay 04, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| May 10āMay 18, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| May 24āJun 01, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jun 07āJun 15, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jun 21āJun 29, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jul 05āJul 13, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
| Jul 19āJul 27, 2027 | 7 Days | KES 90,000 | USD 1,000 | Register | |
About the Course
More managers and business owners are looking to streamline procedures and optimize resource usage in today’s fiercely competitive corporate climate. By minimizing financial waste, those in cost and management accounting roles contribute significantly to maximizing profit. They are responsible for supplying information that can aid in economical decision-making.
The training on cost management accounting exposes participants to the fundamental ideas behind this function and goes over a number of key ideas, including job costing, process costing, absorption costing, and variable costing. Participants will learn how to do a cost-volume-profit (CVP) analysis and utilize budgets to manage finances and also how to use costings to makeĀ informed management decisions.
Target Participants
Cost management accounting is designed for; accounting and finance professionals, managers, consultants, and anyone who wants to improve their knowledge on coast and management accounting.
Course Duration
One week
What you will learn
By the end of this course the participants will be able to:
- Understand the relationship between cost accounting, financial accounting and managerial accounting
- Understand key concepts of cost and management accounting
- Understand the relationship between the cost-volume and profit
- Analyze variances between Actual, Budgeted and Previous yearsā figures for corrective actions
- Evaluate return on capital expenditure and investment projects
- Use management accounting to make informed management decisionsĀ
Course Outline
Introduction
- Definition of management accounting
- Concepts of management accounting
- Financial accounting
- Difference between management and financial accounting
- Introduction to cost accounting
- Planning, budgeting and forecasting
- Performance measurement
Components Of Financial Statements
- Income & expenditure account
- Balance sheet/ Statement of financial position
- Cash flow statement
- Statement of changes in equity
- Notes to the financial statements
Cost Accounting
- Cost classification
- Cost behavior
- Fixed & variable cost
- Understanding break-even point
- Cost volume profit relations
- Marginal & absorption costing
- Activity based costing
- Standard costing
Variance Analysis
- Price variance
- Volume variance
- Mix variance
- Efficiency variance
- Sensitivity analysis
- Practical Example
Working Capital Control
- Inventory control
- Accounts receivable
- Accounts payable
- Reconciliation of sub-ledgers
- Other current assets & current liabilities
- Tax and deferred taxation
Budget Process and Management
- Preparation of master budget
- Fixed v/s flexible budgets
- Cash budgets
- Quarterly reviews
- Forward planning
- Budget/ actual comparison
- Zero Ā based Ā budgets
- Analyzing budget variances and remedies
- Management cost control reports and corrective actions
Capital Expenditure
- Capital investment appraisal
- Return on investment
- Payback period
- Net present value
- Discounted NPV
- Internal rate of return
- Lease or buy decisions
- Tax implications
- Providing and interpreting financial information for decision making
Training Approach
This cost management accounting course is delivered by our seasoned trainers who have vast experience as expert professionals. The course is taught through a mix of practical activities, presentations, group works and case studies.
Training manuals and additional reference materials are provided to the participants.
Certification
Upon successful completion of this cost management accounting course, participants will be issued a certificate.
Tailor-Made Course
We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs.
