Cost and Management Accounting Course
Course Overview
On successful completion of Cost and Management Accounting Course, participants shall be able to:
• Understand the fundamentals of Managerial Accounting and how it differs from Financial Accounting
• Use of management reports for planning and monitoring purposes
• Decide the level at which costs need to be captured
• Analyse variances between Actual v/s Budgeted / Previous years’ figures for corrective actions
• Optimise working capital and avoid unnecessary blockage of funds
• Evaluate capital expenditure
Training Format:In-class, Virtual, In-house
Location:Lagos, Accra, Nairobi, Kigali
Language:English, French
Nigeria Price:
₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$5500
Rwanda Price:
$6000
Nigeria Price:₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$4000
Rwanda Price:
$4000
Nigeria Price: ₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price: $4000
Kenya Price: $4000
Rwanda Price: $4000
INTRODUCTION
• Definition of Management Accounting
• Concepts of Management Accounting
• Planning and Budgeting
• Performance Measurement
• Financial Accounting
• Introduction to Cost Accounting
• Understanding Cost Behaviours
MANAGEMENT ACCOUNTING
• How does Managerial Accounting Works?
• Objective of Management Accounting
• Difference between Management v/s. Financial Accounts
• Budgets and Forecasts
• Performance Measurements
COMPONENTS OF FINANCIAL STATEMENT
• Balance Sheet
• Income & Expenditure Account
• Cash Flow Statement
• Statement of Changes in Equity
• Notes in Financial Statements
COST ACCOUNTING
• Cost Classification
• Cost Behaviour
• Fixed & Variable Cost
• Marginal & Absorption Costing
• Understanding Break-even Point
• Activity Based Costing
• Standard Costing
VARIANCE ANALYSIS
• Price Variance
• Volume Variance
• Mix Variance
• Efficiency Variance
• 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
• Quarterly Reviews
• Forward Planning
• Budget/ Actual Comparison
• Zero Based Budgets
CAPITAL EXPENDITURE
• Capital Investment Appraisal
• Return on Investment
• Payback period
• Net Present Value
• Internal Rate of Return
• Lease or Buy Decisions
• Tax Implications thereof
1ST BATCH: Monday, March 30, 2026 — Thursday, April 2, 2026.
2ND BATCH: Tuesday, July 21, 2026 — Friday, July 24, 2026.
3RD BATCH: Tuesday, November 17, 2026 — Friday, November 20, 2026.
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.
