OBJECTIVE
To Enable students in using the common Global Language for Business affairs so that company accounts are understandable and comparable across International Boundaries.
To Generate information that is useful for making Business and Economic Decisions.
To Enable students in producing financial statements based on the Global Accounting Standards.
SYLLABUS
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1. Classification of costs.
2. The treatment of direct costs (specifically attributable to a cost object) and indirect costs (not specifically attributable) in ascertaining the cost of a ‘cost object’ e.g. a product, service, activity, customer.
3. Cost measurement: historical versus economic costs.
4. Overhead costs: allocation, apportionment, re-apportionment and absorption of overhead costs.
5. Direct, variable and full costs of products, services and activities.
6. Marginal cost pricing and full cost pricing to achieve specified return on sales or return on investment, mark-up and margins.
7. Capital Budgeting: PPB, NPV & IRR
*The entire syllabus is based on International scenario.
*Practical numerical questions will be in UK Pounds & not in Rupees throughout the entire sessions.
DURATION :
16 Hours
COST :
1500/-
