Training Course on Management and Cost Accountancy

More managers and business owners are looking to streamline procedures and optimize resource usage in today’s fiercely competitive corporate climate. By minimizing financial waste, those in cost and management accounting roles contribute significantly to maximizing profit. They are responsible for supplying information that can aid in economical decision-making. The training on cost management accounting exposes participants to the fundamental ideas behind this function and goes over a number of key ideas, including job costing, process costing, absorption costing, and variable costing. Participants for this training course on management and cost accountancy will learn how to do a cost-volume-profit (CVP) analysis and utilize budgets to manage finances and also how to use costings to make  informed management decisions.

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South Sudan

Training Schedules per Continent

Africa    (7)Asia      (4)

America (5)Europe (3)

Target Participants 

This training is aimed at enhancing the skills of corporate finance professionals, CFOs, financial controllers, finance managers, financial analysts and business development analysts.

Course Duration 

5 Days 

What you will learn 

By the end of this course the participants will be able to: 

  • Understand the relationship between cost accounting, financial accounting and managerial accounting
  • Understand key concepts of cost and management accounting
  • Understand the relationship between the cost-volume and profit
  • Analyze variances between Actual, Budgeted and Previous years’ figures for corrective actions
  • Evaluate return on capital expenditure and investment projects
  • Use management accounting to make informed management decisions

Course Outline 


  • Definition of management accounting
  • Concepts of management accounting
  • Financial accounting
  • Difference between management and financial accounting
  • Introduction to cost accounting
  • Planning, budgeting and forecasting
  • Performance measurement

Components Of Financial Statements 

  • Income & expenditure account
  • Balance sheet/ Statement of financial position
  • Cash flow statement
  • Statement of changes in equity
  • Notes to the financial statements

Cost Accounting 

  • Cost classification
  • Cost behavior
  • Fixed & variable cost
  • Understanding break-even point
  • Cost volume profit relations
  • Marginal & absorption costing
  • Activity based costing
  • Standard costing

Variance Analysis 

  • Price variance
  • Volume variance
  • Mix variance
  • Efficiency variance
  • Sensitivity analysis
  • Practical Example

Working Capital Control 

  • Inventory control
  • Accounts receivable
  • Accounts payable
  • Reconciliation of sub-ledgers
  • Other current assets & current liabilities
  • Tax and deferred taxation

Budget Process and Management 

  • Preparation of master budget
  • Fixed v/s flexible budgets
  • Cash budgets
  • Quarterly reviews
  • Forward planning
  • Budget/ actual comparison
  • Zero   based   budgets
  • Analyzing budget variances and remedies
  • Management cost control reports and corrective actions

Capital Expenditure 

  • Capital investment appraisal
  • Return on investment
  • Payback period
  • Net present value
  • Discounted NPV
  • Internal rate of return
  • Lease or buy decisions
  • Tax implications
  • Providing and interpreting financial information for decision making

Training Approach for Management and Cost Accountancy Course

This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

Training manuals and additional reference materials are provided to the participants.

Certification on Management and Cost Accountancy

Upon successful completion of this course, participants will be issued with an internationally recognized certificate. Altum Training and Research Institute is NITA certified. Read more.

Tailor-Made Course

We can also do this as a tailor-made course to meet organization-wide needs. Contact us to find out more


The training fee covers tuition fees, learning materials, and training venue. Accommodation and airport transfer are arranged for our participants upon request.

Payment should be sent to our bank account before start of training and proof of payment sent to

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