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About the Course
What You Will Learn:
Understand the basics of cost accounting.
Differentiate between types of costs (fixed and variable, direct and indirect) and use them to enhance performance efficiency.
Analyze costs and their impact on decision-making and managerial decisions.
Implement job order costing systems (steps and benefits) to control costs and improve profitability.
Apply standard costing systems, analyze variances, and identify root causes.
Accurately allocate direct and indirect manufacturing costs using practical methods, avoiding traditional approaches.
Calculate the cost of each unit in the organization and price it correctly.
Prepare a comprehensive cost statement, determine the cost of goods sold, and generate an actual income statement.
Design an integrated cost accounting system using Excel with practical case studies.
Create a cost accounting system using Odoo software.
Bonus: A complete Excel course with 50 Excel functions, Pivot Table, and Dashboard creation.
Course Description:
This course is designed to equip you with essential skills in cost accounting, enabling you to understand cost behavior, analyze costs, and implement effective costing systems. With practical tools like Excel and Odoo, you'll learn how to manage costs, improve profitability, and make data-driven decisions. By the end of the course, you will have hands-on experience in building an integrated costing system that covers all cost elements and cost centers.
Course Content:
Introduction to Cost Accounting: Understanding the fundamentals.
Types of Costs:
Fixed and variable costs.
Direct and indirect costs based on effective allocation techniques.
Cost Analysis: Importance in decision-making and impact on management decisions.
Job Order Costing System:
Steps and benefits.
Enhancing cost control and profitability.
Standard Costing and Variance Analysis:
Analyzing variances and identifying root causes.
Cost Allocation:
Allocating direct and indirect manufacturing costs using practical methods.
Avoiding traditional allocation techniques.
Unit Costing and Pricing:
Calculating accurate unit costs.
Setting prices effectively.
Cost Statements:
Preparing cost statements.
Calculating the cost of goods sold.
Creating actual income statements.
Integrated Costing System (Excel):
Practical case study covering cost elements and centers.
Integrated Costing System (Odoo):
Designing and implementing a complete costing system.
Bonus:
Comprehensive Excel course including 50 functions, Pivot Tables, and Dashboards.
Who This Course is For:
Finance and accounting professionals looking to enhance their cost accounting skills.
Business managers aiming to make cost-effective decisions.
Entrepreneurs and small business owners seeking better control over their costs.
Students and graduates interested in accounting and finance careers.
Certification:
Upon completing this course, you will be eligible to receive two certificates:
You will receive a certificate from Assaal Academy .
Egyptian Board academy certificate for extra fees
Course Requirements:
Basic knowledge of Excel.
Familiarity with accounting principles is recommended but not required.
A laptop with Excel installed for practical exercises.
Internet connection for Odoo setup and course access.