Product Costing

Course Objectives

• To understand a costing system that will provide each participants with the important information to run the organization in the most efficient and profitable manner.
• To understand the element of costing that help the organization to meet excellence.
• To enable the participants to identify recovery opportunities in the organization.
• To equip the participants with the necessary knowledge as how to identify the root cause of waste as well as cost reduction.
• To enable the participants to understand the process of elimination the nonvalue-added activities or the improvement of value-added activities.
• To enable the participants to understand that costing practices would help them to pinpoint troubles which are eating away at profit margin.
  
  

Target Audience

Senior Finance Manager, Finance Manager, Finance Executive, Senior Executive of Production Division and other staffs that directly involved in production and finance.

Methodology

Presentation, Video Presentation, Interactive Lectures, Hands On Application, Demonstration of Techniques, Realistic Case Studies, Discussions, and Practical Class Work.

Course Modules

• Module 1: COSTING INTRODUCTION AND BUDGETING ( PRE AND CONCURRENT)
• Module 2: ABSORPTION COSTING
• Module 3: MARGINAL COSTING
• Module 4: ACTIVITY BASED COSTING (ABC)
• Module 5: COSTING TECHNIQUES
• Module 6: STANDARD COSTING AND VARIANCE ANALYSIS
• Module 7: PRICING DECISION – PRODUCT PRICING METHOD
• Module 8: FEEDBACK