Effective Costing, Cash Flow Management and Budgetary Control by MDIS

A company cannot plan unless it understands its costs. By understanding the various facets of the cost accounting process, Managers and Executives will be able to create an efficient cost analysis system to better control and measure an enterprise's business functions and bottom line.

This seminar is designed to discuss the main features of cost and management accounting and its applications in a business enterprise. It is essential for Managers and Executives of a firm to know how cost accounting information can be organised, so that quality decisions could be made. As the focus is on decision making process, participants would not be required to understand the bookkeeping process and the preparation of financial statements.

Upon completion of this workshop, participants will be able to;

• Have an overview of cost and management accounting
• Learn the differences between marginal costing and absorption costing
• Understand budgeting and variance analysis
• Learn the application of costing in business decision making
• Know how to apply various analytical techniques to make quality decisions