• Analyze and allocate costs using activity-based costing systems.
• Calculate inventory costs under absorption and variable costing.
• Develop and manage budgets using standard costing and flexible budgeting methods.
• Interpret cost-volume-profit relationships for short-term decision-making.
• Integrate environmental and quality considerations into cost management strategies.

• Cost Accountants
• Management Accountants
• Finance Managers
• Financial Controllers

Module 1: Introduction to Management Accounting

• Definition and scope of management accounting
• Differences from financial accounting
• Relevance to decision-making processes

Module 2: Cost Classification and Structures

• Types of costs: fixed, variable, direct, indirect
• Classification for manufacturing, merchandising, and service companies
• Importance of accurate cost allocation

Module 3: Job Order and Process Costing Systems

• Basics of job order costing
• Process costing and its applications
• Selecting appropriate costing methods

Module 4: Absorption and Variable Costing

• Principles and calculations of absorption costing
• Variable (marginal) costing and profitability impact
• Comparative analysis for decision-making

Module 5: Standard Costing and Flexible Budgeting

• Setting standard cost rates
• Developing flexible budgets
• Variance analysis and performance evaluation

Module 6: Activity-Based Costing and Management

• Fundamentals of ABC and ABM
• Identifying cost drivers
• Benefits of ABC in overhead allocation

Module 7: Just-in-Time (JIT) Production Systems

• Core principles of JIT
• Cost implications of JIT systems
• Integration with cost management

Module 8: Total Quality Management (TQM)

• Cost of quality and its measurement
• TQM principles and their financial impact
• Linking quality to strategic cost control

Module 9: Cost-Volume-Profit (CVP) Analysis

• Understanding contribution margin
• Break-even and target profit analysis
• Scenario planning and sensitivity analysis

Module 10: Short-Term Decision-Making and Environmental Costing

• Relevant costs for decision-making
• Environmental costing principles
• Incorporating sustainability into cost strategies

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.