Advanced Cost Accounting

Why Attend

Welcome to the Advanced Cost Accounting training program, designed by Commonwealth Training and Consulting Africa. This program aims to provide participants with a comprehensive understanding of advanced concepts and techniques in cost accounting. By exploring advanced cost accounting methodologies, participants will gain the knowledge and skills necessary to make informed decisions and optimize cost management strategies within their organizations.

Overview

Course Outline

Schedule & Fees

Course Methodology

Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing

Course Objectives

Understand the role and importance of cost accounting in organizational decision-making.; Explore advanced cost accounting concepts, techniques, and tools.; Apply advanced cost accounting methodologies to analyze and control costs.; Enhance the ability to make informed managerial decisions based on cost information.; Develop skills to optimize cost management strategies and improve organizational performance.

Target Audience

The Advanced Cost Accounting training program is designed for professionals who have a solid understanding of basic cost accounting principles and want to enhance their expertise in this field. The target audience includes: Accounting Managers and Supervisors; Financial Controllers; Cost Accountants; Budget Analysts; Management Accountants; Business Analysts; Operations Managers; Finance Professionals seeking advanced cost accounting knowledge

Target Competencies

n/a

Day 1:

Cost Accounting Framework and Concepts

Introduction to Advanced Cost Accounting
Cost Terminology and Classification
Costing Systems: Job Order Costing vs. Process Costing
Activity-Based Costing (ABC) and its Applications
Cost Behavior Analysis: Fixed, Variable, and Mixed Costs

Day 2:

Cost Estimation and Allocation Techniques

Cost-Volume-Profit (CVP) Analysis
Cost Estimation Methods: High-Low, Regression Analysis, and Scattergraph
Overhead Allocation Methods: Traditional and Activity-Based Costing
Cost Allocation for Joint Products and By-Products

Day 3:

Cost Analysis and Decision Making

Relevant Cost Analysis for Decision Making
Cost-Volume-Profit (CVP) Analysis for Decision Making
Make or Buy Decisions
Special Order Decisions
Product Mix Decisions and Constraints

Day 4:

Performance Measurement and Control

Standard Costing and Variance Analysis
Balanced Scorecard and Performance Measurement
Responsibility Accounting and Performance Evaluation
Transfer Pricing Methods
Cost of Quality and Quality Management

Day 5:

Strategic Cost Management and Contemporary Topics

Strategic Cost Management: Value Chain Analysis and Competitive Advantage
Target Costing and Life Cycle Costing
Activity-Based Management (ABM)
Lean Accounting and Just-in-Time (JIT) Costing
Environmental and Sustainability Cost Management

$1375

Zanzibar

Country: Tanzania

Duration: One week

Date: 01–05 Dec 2025

$3875

Abu Dhabi

Advanced Cost Accounting

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

$1375

Country: Tanzania

Duration: One week

Date: 01–05 Dec 2025

$3875

Country: UAE

Duration: One week

Date: 02–06 Mar 2026