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corporate training Standard Costing MIS for Engineers


Duration of the Program : 1-2 Days

Participant profile : Engineers and other technical professionals responsible for Cost/Revenue/Profit/Investment Centers. 

Program Objectives : To help participants understand

1. the language of financial , cost and management accounting  .

2.the difference between budgeting and standard costing.

3.the making of a variance analysis report.

4.the need for reconciliating the financial profits with profits shown by the use of standard costing and variance analysis.

Program Contents : 

1.Mechanics of financial and cost accounting.

2.The establishment of standards.

3. The computation of variances.

4. Reconciliation statement.

5. Behavioural issues arising because of standard costing and variance analysis.

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