Professional Certificate in Accounting for Manufacturing Plants
-- ViewingNowThe Professional Certificate in Accounting for Manufacturing Plants is a comprehensive course designed to equip learners with essential accounting skills tailored for the manufacturing sector. This program emphasizes the importance of financial management in manufacturing plants, addressing cost accounting, budgeting, financial statement analysis, and inventory management.
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โข Financial Accounting: An overview of financial accounting principles and practices, including financial statements, double-entry bookkeeping, and accrual accounting.
โข Managerial Accounting: Understanding cost behavior, cost allocation, and budgeting, with a focus on decision-making for manufacturing plants.
โข Inventory Management: Techniques for managing inventory levels, including just-in-time (JIT) inventory, economic order quantity (EOQ), and material requirements planning (MRP).
โข Cost of Goods Sold (COGS) Calculation: Methods for calculating COGS, including absorption costing and variable costing, and their impact on financial statements.
โข Job Costing: Techniques for job costing in manufacturing plants, including labor, material, and overhead costs.
โข Process Costing: Understanding process costing, including the weighted average and standard cost methods, for continuous production processes.
โข Activity-Based Costing (ABC): An overview of ABC, including how to allocate overhead costs to products and services in a manufacturing plant.
โข Financial Analysis: Financial statement analysis techniques, including ratio analysis and variance analysis, for manufacturing plants.
โข Internal Controls: Best practices for internal controls in manufacturing plants, including segregation of duties, authorization policies, and physical controls.
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