Cost Accounting and Management

by LEORON Institute

Managing costs is an important aspect of managing a company’s profitability and efficiency. During this course, we will review the various methods available to assign costs to products and services, as well as the more qualitative aspects of costing, namely quality costs and environmental costing.

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LEORON Institute Logo

img Duration

4 Days

Course Details

Key Takeaways

  • Understand what is management accounting
  • Understand the differences in gross profit and inventory between different types of companies
  • Calculate inventory cost and the impact on profits of absorption and variable costing methods
  • Understand how to analyze and allocate costs in an activity-based costing system
  • Create a budget to calculate standard costs rates and value inventory using these rates

Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global  expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering.

With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 800 courses annually, and roughly 20000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.

LEORON’s mission is to help our worldwide clients boost their competitiveness by improving the competency levels of their employees, through top quality training and development solutions delivered by unrivaled global experts and facilitated by the best training managers in the industry.

Whether our clients are facing difficulties re-organizing their brand, equipping their workforce with an extra set of skills or aiming to assess competencies within an existing structure, our development planning is a great solution.

  • JLT Jumeirah Lake Towers Branch

    Dubai, UAE Indigo Icon Tower JLT, Office 1208 P.O. Box 390601, JLT Jumeirah Lake Towers, Dubai
  • Abu Dhabi Island Branch

    Abu Dhabi Island, Al Salam Street, Salam HQ Building, Office 503 P.O. Box 105098, Abu Dhabi Island, Abu Dhabi

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