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Perspective on Cost Accounting for Public Sector

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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.

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

TRAINING VENUE, LOGISTICS AND PAYMENT

v  Training is residential and will be held at Afriex Training Centre.

v  The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

v  Accommodation and airport transfer are arranged upon request by the participant.

v  This training can also be tailor made for your institution upon request. You can have it delivered in our training Centre or at a convenient location.

v  For further inquiries, please contact us on [email protected]

v  Payment should be made to Afriex Training Limited bank account before the start of the training and receipts sent to [email protected]

v  Upon successful completion of this training, participants will be issued with an Afriex Training Ltd certificate.

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Afriex Training Ltd is a  leading provider of training, research and consultancy services to international organizations across the globe.Each year, we have more than 450 scheduled trainings that are performance based and led by professional facilitators and leading industry experts.

We have the capacity, resources and experience to provide a full range of interdisciplinary consultancy and management services.

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