Afriex Development Institute

 INTRODUCTION

The way to manage and improve performance in the public sector is to understand their costs and the behavior of factors that drive their costs. Better cost information enables public sector managers in decision making, reviewing and understanding how efficiently and effectively public resources are used. This program therefore, provides a solid foundation in understanding costing in the public sector.

DURATION

5 Days

TARGET AUDIENCE

Accountants, finance officers, budget officers and managers who appreciate and apply cost accounting principles in their work.

OBJECTIVES

At the end of the course, participants will be able to:

v  Appreciate the importance and role of cost accounting

v  Understand the role of relevant costing in the public sector

v  Appreciate how cost accounting assist public sector management processes

v  Obtain information on the costing process from internal, external and investments made

v  Obtain information for management analysis and control

COURSE OUTLINE

v  Overview of costing and cost accounting: from a management perspective;

v  Importance of Cost accounting in Public Sector;

v  Techniques of Cost Accounting:

v  Marginal Costing,  

v  Absorption Costing

v  Cost Benefit Analysis,

v  Capital Investment appraisal

v  Activity Based Costing

v  Standard Costing and Variance analysis.