Every company’s survival and progress, depends on the basis of proper estimation of its costs and estimation of product or service pricing. Every cost-conscious executive, specific project manager, cost estimator, or organization is in need of improving their cost estimation success
Every company’s survival and progress, depends on the basis of proper estimation of its costs and estimation of product or service pricing. Every cost-conscious executive, specific project manager, cost estimator, or organization is in need of improving their cost estimation success.
This course endeavors to illustrate and explain how to develop costs and how they can be used not only to estimate the product cost, but also how to use them to determine a competitor’s likely bid price. It explores the estimating methods typically used to estimate costs and explains the advantages and disadvantages of each, demonstrate several estimating methods, and includes a cost estimating methodology that participants can tailor to their own organizational needs.
Course Outline
Module 1 – Introduction to Cost Accounting
Module 2 – Principles of Absorption Costing Technique
Module 3 – Principles of Activity Based Costing
Module 4 – Marginal Costing Technique for Decision Making Process
Module 5 – Other Costing Techniques
Module 6 – Budgeting Process & Budgetary Control
Module 7 – Variance Analysis Reporting
Module 8 – Pricing Decisions
Exemptions
This Certificate could be used for exemptions of modules for the IAAP Diploma in Accounting
The International Association of Accounting Professionals (IAAP) has been established to provide internationally recognised qualification for accounting professionals and, through that recognition, to enhance their status in the financial and business communities. Holders of a current IAAP membership certificate can enjoy the benefits of this international recognition in their careers. The IAAP ‘Accounting Professional’ also enjoys the prestige and status that is conferred by this title.
IAAP is a wholly owned subsidiary of the prestigious International Association of Bookkeepers which is headquartered in the UK. The International Association of Bookkeepers (IAB) has over 10,000 members across 60 countries, and is one of the most prestigious not-for-profit organisations for professional bookkeepers in the world. Regulated in England by Ofqual (the Office of Qualifications and Examinations Regulation – a non-ministerial government department that regulates qualifications, exams and tests), the IAB is both a government-approved and a statutory supervisory body. Setting world-class standards, IAAP and the IAB offer students worldwide the chance to gain the very best financial qualifications – as well as lifelong skills.
Assessment will be provided at the end of this course in the form of multiple choices examination or an assignment. The IAAP Certificate will be awarded upon successfully passing of the assessment.
Tan Kok Tee – He has a MBA in Finance with 40 years of working experience in accounts & financial, strategic and general management field. He has held a variety of leadership and senior management roles in various organizations. He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.
Hari Ramulu – He is a Chartered Certified Accountant, with wide experience in audit private practice and in financial/management/public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1974. Hari Ramulu is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Chartered Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), an Associate member of the Association of Certified Fraud Examiners of USA, an Associate member of MACFE, member of MATPRO, member of IMA and a member of Malaysian Institute of Management. His academic excellence is in the form of (a) Diploma in Accountancy (Newcastle-Upon-Tyne, England), and (b) Master of Business Administration (Accounting) from University of Newcastle, USA.
Our mode of delivery will be:
In the case of self-paying trainees, please register and pay using the payment gateway.
