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Course Contents
An Overview of Accounting
- Financial Accounting
- Cost & Managerial Accounting
- Financial Management
Provision of information to internal management
- Cost Concepts
- Revenue Vs Capital
- Product Vs. Period cost
- Direct Vs. Indirect cost
- Fixed Vs Variable cost
- Differential Vs Opportunity Cost
Budgeting
- What is a budget (A mean to control cost & evaluate performance)
- Know the benefits of a budget
- Understand the budgeting System
- Different Types of budgets
Cost behavior, Cost-Volume Profit (CVP) and breakeven analysis
- Costs in relation to sales volume
- Cost-Volume Analysis
- Contribution Margin and Marginal Costing Approach to decision making
- Using Cost-Volume-Profit Equation to estimate selling price and profit
Breakeven analysis for variety of business like manufacturing & service industry
Decision-Making with various cost concepts (Differential, Opportunity & Sunk Cost)
- Decision Making Methods
- Decision Making Models
- Continue or Discontinue (Product/Department)
- Accept or Reject (Special Order)
- Difference between relevant costs and sunk costs
- Staying open or close during off season
- Which business to buy
Standard Costing
- Material Cost Variance
- Labour Cost Variance
- Variable Overhead Variance
- Fixed Overhead Variance
- Sales Variance
Gross Profit Analysis for:
- Marketing
- Production
- Inventory Management
Job Order Costing
Case Study for Service & Manufacturing Industry
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The session will be conducted using jargon-free user-friendly language.
Prior knowledge of accounts and finance is not necessary. |
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Workshop PDF |
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Rs. 14,500/- per participant
Group Discount
Every 4th participant from the same
organization is FREE
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