BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:1628@x8ti.com DTSTART;TZID=Asia/Riyadh:20260803T090000 DTEND;TZID=Asia/Riyadh:20260807T130000 DTSTAMP:20260208T221632Z URL:https://x8ti.com/event/cost-and-management-accounting-training-course- 2/ SUMMARY:Cost and Management Accounting Training Course DESCRIPTION:Introduction \nCost and Management Accounting is crucial for b usiness owners and managers to understand revenues and costs\, offering de tailed insights into profits and losses across all sectors. Cost accountin g helps accurately account for variable and fixed costs\, essential for pr icing and decision-making. Proper cost accounting allows organizations to evaluate strategies\, conduct break-even analyses\, and appraise investmen ts. This enhances budgeting and decision-making processes driven by accura te cost estimation. Coupled with ERP systems\, cost accounting supports fi nancial planning\, lean accounting\, and resource allocation.\nLearning Ob jectives\nParticipants completing this course will be able to:\n\n Unders tand the basics of Managerial Accounting and its differences from Financia l Accounting.\n Utilize management reports for planning and monitoring.\n Determine appropriate levels for cost capture.\n Analyze variances betw een actual and budgeted or previous figures.\n Optimize working capital t o prevent unnecessary fund blockage.\n Evaluate capital expenditure.\n\nT raining Methodology\nThis course includes:\n\n Lectures\n Seminars &\ ; Presentations\n Group Discussions\n Assignments\n Case Studies &\; Functional Exercises Following the ‘Do-Review-Learn-Apply’ model by X celerate Training Institute ensures an interactive and practical learning experience.\n\nBenefits for Your Organization\nOrganizations will gain:\n\ n A better understanding of cost behavior for improved decision-making.\n Enhanced ability to plan and monitor performance.\n Improved working ca pital management.\n Insight into the flow of information in an ERP system .\n Skills to evaluate returns on capital expenditures and investment pro jects.\n\nBenefits for You\nParticipants will gain:\n\n Understanding of the structure of the chart of accounts and reporting levels.\n Ability to differentiate between Financial and Management Accounts.\n Skills to use management accounts for segment reporting.\n Competence in preparing cas h flow statements.\n Knowledge of the budget process and application of c osting knowledge.\n Ability to calculate price\, volume\, and mix varianc es.\n Skills to compute break-even points and conduct sensitivity analysi s.\n\nTarget Audience\nThis course is ideal for:\n\n Financial controller s\, finance managers\, financial systems analysts\, senior and financial a ccountants.\n Management accountants.\n General ledger\, accounts receiv able\, accounts payable\, and payroll accountants.\n Decision-makers rely ing on timely and accurate financial information.\n CFOs\, finance direct ors\, and strategic planners.\n\nCourse Outline\nIntroduction\n\n Definit ion and concepts of Management Accounting.\n Planning and Budgeting.\n P erformance Measurement.\n Financial Accounting.\n Introduction to Cost A ccounting.\n Understanding Cost Behaviors.\n\nManagement Accounting\n\n How Managerial Accounting Works.\n Objectives of Management Accounting.\n Differences between Management and Financial Accounts.\n Budgets and Fo recasts.\n Performance Measurements.\n\nComponents of Financial Statement \n\n Balance Sheet.\n Income &\; Expenditure Account.\n Cash Flow St atement.\n Statement of Changes in Equity.\n Notes in Financial Statemen ts.\n\nCost Accounting\n\n Cost Classification.\n Cost Behavior.\n Fixe d &\; Variable Costs.\n Marginal &\; Absorption Costing.\n Underst anding Break-even Points.\n Activity-Based Costing.\n Standard Costing.\ n\nVariance Analysis\n\n Price Variance.\n Volume Variance.\n Mix Varia nce.\n Efficiency Variance.\n Practical Examples.\n\nWorking Capital Con trol\n\n Inventory Control.\n Accounts Receivable.\n Accounts Payable.\ n Reconciliation of Sub-ledgers.\n Other Current Assets &\; Liabiliti es.\n Tax and Deferred Taxation.\n\nBudget Process and Management\n\n Pr eparation of Master Budget.\n Fixed vs. Flexible Budgets.\n Quarterly Re views.\n Forward Planning.\n Budget vs. Actual Comparison.\n Zero-Based Budgets.\n\nCapital Expenditure\n\n Capital Investment Appraisal.\n Ret urn on Investment.\n Payback Period.\n Net Present Value.\n Internal Ra te of Return.\n Lease or Buy Decisions.\n Tax Implications.\n ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2025/01/f6cb 6f26-6ae8-4d76-9f2e-d1a2f95e8b0e.jpg CATEGORIES:Accounting & Finance LOCATION:http://online END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Riyadh X-LIC-LOCATION:Asia/Riyadh BEGIN:STANDARD DTSTART:20250803T090000 TZOFFSETFROM:+0300 TZOFFSETTO:+0300 TZNAME:+03 END:STANDARD END:VTIMEZONE END:VCALENDAR