STRATEGIC COST MANAGEMENT (SCM)

    • Job Role
    • Cost Analysis Associate
    • Sector
    • BFSI
    • Occupation
    • Finance & Accounts
    • Duration
    • 125 Hrs.
    • Business Type
    • Manufacturing

    • Program Summary

    Embark on a transformative journey in our SCM (Strategic Cost Management) course, integrating theoretical knowledge with hands-on experience. This comprehensive program equips you with crucial analytical skills for the contemporary business landscape. Gain expertise in job costing, standard costing, deviation analysis, and more, seamlessly integrating cost data into regular accounting processes. Elevate your role from a data keeper to a skilled analyst, ready to make informed business decisions.

    Program Insights

    • Practical, hands-on training with transaction files spanning 6 months, featuring a substantial number of live transactions. This immersive experience offers in-depth familiarity with cost accounting within Tally ERP.

    • Comprehensive exploration of job costing, standard costing, deviation analysis, ratio analysis, Bill of Material (BOM) setup, the concept of normal and abnormal losses, service line costing, and contract costing.

    • Hands-on experience in managing purchase orders, BOM files, Goods Received Notes (GRN), Rejection Notes, reordering levels, Goods Sent Notes, warehousing concepts, and cost centers.

    • Integration of cost data with regular accounting processes, facilitating seamless historical data maintenance and bridging it with business data analysis.

    • Elevating the accountant's role from data keeper to a skilled analyst, enabled by the application of real-life transactions.

    • Introduction to budgeting, variance analysis, and the utilization of analytical data for informed business decision-making.

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