Principal of Cost Recovery

Place- الموعد Date - المكان
2017-03-19 00:00:00 Dubai
2017-08-20 00:00:00 Sharm el-Sheikh
2017-11-19 00:00:00 Turkey

 Who Can Benefit

§ Controllers

§ Senior finance managers

§ Executives and those with expertise in their own fields who need to acquire expertise in financial management

 
Course Objectives

§  Understand the basic cost terminology of accounting and controls

§ Determine cost recovery factors

§  Define activity and effectiveness

§ Understand capital investment and operating expenses

§ Identify the interrelation between market price, production line and capital

§  Understand operating cost carryover expense and ceiling of recovery.

§ Be aware with concession agreement and cost recovery

Course Outline

§ Cost Terms

§  Key Cost Concepts: Cost, Loss, and Waste.

§  Expense and Expenditure

§ Inventoriable and Non-inventoriable (Product and Period) Costs

§  Manufacturing and Non-manufacturing

§ Direct and Indirect Costs

§  Fixed and Variable Costs

§ Actual and Standard Costs

§  Cost Centers and Cost Allocation

§ Cost recovery factors, activity and effectiveness

§ Recoverable Costs

§ Recoverability Order

§ Limits on Recoverability

§ Cost Recovery Activity Statement

§ Capital investment and operating expenses

§  Interrelation between market price, production line and capital

§  Operating cost carryover expense and ceiling of recovery.

§ Concession Agreement and Cost Recovery

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