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4 - AAU - Accounting and Financial Auditing

AAU 101 - Cost Accounting and Analysis

Code Start Date Duration Venue
AAU 101 27 February 2023 5 Days Istanbul Registration Form Link
AAU 101 24 April 2023 5 Days Istanbul Registration Form Link
AAU 101 19 June 2023 5 Days Istanbul Registration Form Link
AAU 101 14 August 2023 5 Days Istanbul Registration Form Link
AAU 101 09 October 2023 5 Days Istanbul Registration Form Link
AAU 101 04 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

This course will discuss the examination of the concepts, theories, principles, and practices of cost accounting; development of quantitative and qualitative methods for analyzing raw data to provide useful decision-making information; and exploration of the use of various cost accounting techniques that support the business decision-making process and GAAP inventory costing.

Course Objectives

  • Examining a business situation and formulating an acceptable course of action 
  • Learning how to analyze historical data to estimate costs for future management decision making 
  • Understanding how to calculate appropriate product costs within a designated business environment
  • Preparing and interpreting budgets and operating results through variance analysis 

Who Should Attend?

  • Accountants
  • Cost, budget, and systems analysts
  • Accounting managers
  • Auditors  
  • Financial planners
  • Anyone interested and wanted to develop his performance in accounting

Course Details/Schedule

Day 1

  • Introduction to cost accounting
  • Introduction to cost analysis
  • Costanalysis and estimation 
  • Fundamentals of costing

Day 2

  • Lean Production, the Theory of Constraints, and Six Sigma.
  • Inventory Management, Just-in-Time, and Simplified Costing Methods
  • Review the institute of management accountants’ standards of ethical conduct for management accountants

Day 3

  • Review cost-volume-profit analysis
  • Review the behavior of variable, fixed, and mixed costs
  • Contribution margin vs. gross margin income statements
  • Effect of taxes on CVP analysis
  • Estimation of cost functions
  • Regression analysis

Day 4

  • Detailed inventory cost flows for manufacturers and service companies
  • Job order costing
  • Process costing
  • Transferred-in costs
  • Activity based costing 
  • Graphical presentation of direct and indirect cost pools and flows
  • Cost pools & rate calculations
  • Direct (variable) and absorption (full) costing

Day 5

  • Transfer pricing
  • Master/Static budget
  • Static and flexible budgets
  • Variance analysis
  • Profit Planning/budgeting