About Course

Training on Cost and Management Accounting

Training on Cost and Management Accounting- Kenya

Category: Accounting and Finance Training

Overview

The Expedition

Training on Cost and Management Accounting program is designed to provide participants with the essential skills needed to accurately plan, manage, and monitor costs within their organization. This training focuses on key areas such as cost behavior analysis, budgeting, variance analysis, working capital optimization, and capital expenditure evaluation, all vital for making informed financial decisions that drive organizational success.

Training is available in person or virtually, with a certification awarded upon successful completion.

Program Objectives

By the end of this Training on Cost and Management Accounting, participants will be able to understand about:

Understand the fundamentals of Managerial Accounting and how it differs from Financial Accounting.
Use of management reports for planning and monitoring purposes
Decide the level at which costs need to be captured
Analyse variances between Actual v/s Budgeted / Previous years’ figures for corrective actions
Optimize working capital and avoid unnecessary blockage of funds
Evaluate capital expenditure

Target Audience

Financial controllers, finance managers, financial systems analysts, senior accountants, and financial accountants.
Management accountants.
General ledger accountants, and assistant accountants.
Accounts receivable accountants, accounts payable accountants, and payroll accountants.
Management and Decision-makers who trust and rely on timely and accurate financial information.
Chief Financial Officers (CFOs).
Finance directors and strategic planners.

Training Period

Classroom: 5 Days
Online: 7 Days

Training Modules

1: Introduction

2: Management Accounting

How does Managerial Accounting Works?
Objective of Management Accounting.
Difference between Management v/s. Financial Accounts.
Budgets and Forecasts.
Performance Measurements.

3: Components of Financial Statement

Balance Sheet.
Income & Expenditure Account.
Cash Flow Statement.
Statement of Changes in Equity.
Notes in Financial Statements.

4: Cost Accounting

5: Variance Analysis

Price Variance
Volume Variance
Mix Variance
Efficiency Variance
Practical Example

6: Working Capital Control

Inventory Control.
Accounts Receivable.
Accounts Payable.
Reconciliation of Sub-ledgers.
Other Current Assets & Current Liabilities.
Tax and Deferred Taxation.

7: Budget Process and Management

8: Capital Expenditure

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the training, participants will be awarded a certificate of course completion

Related Courses

Financial Risk Management Training

Zero-Based Budgeting Training

Training on Budgeting, Forecasting and Planning

Training on Financial Accounting and Reporting

Course Training Calendar

Kindly note that you can customize venue when registering

Date

Venue

Kenyan Price

Non Kenyan

Register

8th Dec-12th Dec

Nairobi

110000

1200

15th Dec-19th Dec

Nairobi

110000

1200

19th Jan-23rd Jan 2026

Nairobi

110000

1200

26th Jan-30th Jan 2026

Nairobi

110000

1200

2nd Feb- 6th Feb

Nairobi

110000

1200

16th Feb-20th Feb

Nairobi

110000

1200

9th Mar-13th Mar

Nairobi

110000

1200

23rd Mar-27th Mar

Nairobi

110000

1200

6th Apr-10th Apr

Nairobi

110000

1200

20th Apr-24th Apr

Nairobi

110000

1200

11th May-15th May

Nairobi

110000

1200

25th May-29th May

Nairobi

110000

1200

8th Jun-12th Jun

Nairobi

110000

1200

22nd Jun-26th Jun

Nairobi

110000

1200

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Cynet East Africa Consultancy specializes in innovative training programs designed to adapt to evolving trends. We excel in crafting Training, Learning and Development strategies that embrace Clients’ Objectives delivering impactful results.

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