Course Objectives:

Ø Highlight the relationship between strategic management and financial planning and how these can be integrated, to enhance company's overall performance.

   Course Outline:

§ Scope & Purposes of Cost Accounting

§ The Planning & Control Process

§ Parameters of Designing Management Accounting Systems

§ Cost: concept, types and trends

Ø Budget as an Effective Tool

§ Budgeting as a process

§ Why budgets are needed

§ Budget types

§ Activity - based vs. Zero-based budgeting

§ A step-by-step procedure of preparing a comprehensive budget

Ø Product Costing Systems

§ Product Costs & Inventory Categories

§ Product Costing Methods

§ Product Costing & Cost Management

§ Cost estimation & the role of computer

§ Overhead Costing