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Certificate in Cost Analysis and Control AL Mawred Speciality Training

Certificate in Cost Analysis and Control

Why Attend

Cost management is an important topic in accounting and finance as its effects stretch to all departments and impact the financial position of the organization. Cost management covers several cost concepts such as job and batch orders and absorption costing. The pinnacle of any cost management training is activity-based costing which helps in making better decisions. Among these decisions are whether to drop or keep a product, make or buy, and replace or keep a piece of equipment. Moreover, cost management includes allocating costs of service departments internally. Also covered in this course are cost estimations and transfer pricing. The course will close with evaluating performance and a brief discussion on the balanced scorecard and managing scarce resources.

AL Mawred Speciality Training
Overview
Course Methodology

This course aims at making this advanced subject easier for participants to understand by covering the material using several examples and exercises. In addition, there will be explanations from the subject matter expert and a sharing of knowledge between participants.

Course Objectives

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

  • Discover the importance of analyzing and managing costs
  • Develop important tools for planning and decision making
  • Explain Activity-Based Costing (ABC) and Activity-Based Management (ABM)
  • Estimate costs and allocate them properly
  • Evaluate and manage performance through strategic cost management
Target Audience

Financial managers or directors, accountants, financial assistants, budget accountants, analysts, budget and planning managers and coordinators, operations managers, facilities managers and professionals interested in cost management.

Target Competencies
  • Distinguishing relevant costs
  • Analyzing costs
  • Allocating costs
  • Calculating product costs using different methods
  • Assessing value adding costs
  • Choosing between cost alternatives
  • Advising management to buy or manufacture
  • Evaluating performance
Course Outline
  • Strategic need for analyzing and managing costs
    • Definition of cost management
    • Dimensions of cost management
    • Product costing systems: concepts and design issues
    • Cost behavior, types and hierarchy
    • Cost accumulation job shop
    • Batch production operations
    • Variable versus absorption costing
  • Cost management decisions
    • Decision making process
    • Identifying relevant costs
    • Evaluating alternatives
    • Outsourcing decisions : make or buy
    • Add or drop product or business line
    • Replacing equipment
    • Special order pricing decisions
  • Activity based management
    • ABC systems
    • Analyzing value added versus non value added activities
    • Activity-based management
    • Managing customer profitability
    • Managing quality and time to create value
  • Cost estimation and transfer pricing
    • Cost estimation techniques
      • Identifying and choosing a cost driver
      • Simple regression analysis
      • Multiple regression analysis
      • High-low method
      • Applications in Microsoft Excel
    • Allocating costs of support departments
      • Direct method
      • Step method
      • Reciprocal method
    • Inter-group transfer pricing issues
  • Evaluating and managing performance
    • Cost, volume, profit analysis
    • Breakeven point
    • Breakeven point for multiple products
    • Target income
    • Operating leverage
    • Margin of safety
    • Managing scarce resources
    • Flexible budget
    • Activity-based budgeting
    • Strategy, balanced scorecards and performance measurement
Mawred Certificate
Mawred Certifications
Al mawred Professional Certificate (Mawred Certificate)

Mawred Certificate courses by Al mawred Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an Mawred Certificate course and successfully complete the test on the last day, will receive a Al mawred Professional Certificate (Mawred Certificate), in addition to the one they receive for full attendance. Mawred Certificate certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses
Schedule & Fees

2026 Schedule & Fees

Location & Date
31 May - 4 Jun, 2026
Dubai
Arabic
Venue to be assigned
Fees

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Al mawred reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

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