CAT® Level 2 Program February 4 - March 3, 2012

Expand your career potential with a globally recognized certification
Become a Certified Accounting Technician^®
to be part of a network of over 100,000 credentialed peers worldwide

Join the CAT^® Level 2 (Cost Accounting) Program

February 4 - March 3, 2012 (8:30 am - 12:30 pm) / Oakwood Premier Joy~Nostalg Center

Certified Accounting Technician (CAT^®) Program

The CAT® Program is a globally recognized program of the National Institute of Accounting Technicians (NIAT) that grants the CAT® designation to the successful professional here and abroad.

The CAT® Program focuses on developing a strong base of technical accounting knowledge and skills; analytical, organizational and inter-personal skills; and professional values essential for today’s successful accounting professionals.

The CAT® Program is designed to be an intensive accounting program that will equip the participant all the necessary skills for real life accounting work. The CAT® Program is recognized to be equivalent to the CAT® designations of different institutes around the world, giving NIAT's CAT®s access to membership resources, and recognition in countries such as Canada, United Kingdom, Australia, New Zealand, Europe, Hong Kong, China, Singapore, Malaysia, India, and the Middle East.

The Benefits of CAT^® to You

• Offer your employer proven specific skills and knowledge.
• Advance your career and increase your compensation potential.
• Put CAT® after your name, giving you the same distinction among bookkeepers that "CPA" gives to Certified Public Accountants.
• Enhance your value to your company and clients.
• Increase your value to your company or clients — Certified Accounting Technicians can and do take on new responsibilities.
• Increase your chances of working overseas where CAT® is recognized such as Australia, New Zealand, United Kingdom, and other Asia-Pacific countries.

CAT^® Level 2 Program Syllabus - Cost Accounting

The CAT® Level 2 Program is designed to nurture the learning process and provide you with well presented and structured course. The qualification itself has been split into five modules for ease of learning. Each module contains set of drills and real-life cases for you to assess how well you are progressing. The Program is also accreditted by the Institute of Certified Management Accountants (ICMA) in Australia, wherein CAT® Level 2 passers are eligible to become a Registered Cost Accountant®.

Module 1: Understanding Management Information Appreciate the importance of financial and non-financial information for planning, control and decision-making purposes Recognize the variety of cost units, cost centers and profit centers Differentiate between direct and indirect costs; fixed and variable costs; period and product costs; controllable and uncontrollable costs; avoidable and unavoidable costs; etc. Identify cost classification for decision-making and planning Appreciate cost behaviour patterns including linear, curvi-linear and step functions Appreciate the importance of unit costs for both financial and management decision making Module 2: Accounting for Materials, Labor, and Overhead Costs Describe the methods and procedure of storekeeping, stocktaking and inventory control Explain and illustrate the perpetual inventory system and its procedures documentation Explain and illustrate the methods available for pricing stores issues and for inventory valuation Explain the impact of different remuneration methods on the cost of finished goods Explain and illustrate the problems and procedures of identifying, analyzing, allocating and absorbing overhead costs Explain the different bases for overhead absorption rates Compute overhead absorption rate Differentiate and calculate plant-wide overhead rates and departmental overhead rates Explain and illustrate the principles and methods of treatment of under and over-absorption of overhead costs Module 3: Accumulating Costs for Products and Services Explain the flow and accumulation of costs when using job costing Describe the purpose and content of job cost sheet Identify appropriate units for accumulation of control costs Explain the treatment of profit/loss on contracts including uncompleted contracts Demonstrate the application and identification of cost units Explain and determine the equivalent units and cost per equivalent unit Demonstrate how costs are assigned to equivalent units using process costing Demonstrate cost accounting methods used in cost processes, process losses and work in progress Explain the difference between joint product and by-product costing CAT® Level 2 Program Schedule Registration is processed on a first-come, first-serve basis. The minimum number of attendees for the program is 25 pax; thus NIAT Philippines reserves the right to reschedule the program if and when minimum number is satisfied. Date: February 4 - March 3, 2012 Venue: Oakwood Premier Joy~Nostalg Center Manila, Ortigas, Pasig City Time: 8:30 am - 12:30 pm Contact Number: (632) 386-0191 Email: info@niatphilippines.com National Institute of Accounting Technicians Tel: (+632) 386-0191 Email: info@niatphilippines.com

Module 4: Budgeting for Planning and Control Identify and apply techniques for forecasting revenue and expenditures Prepare operational, cash, and capital expenditure budgets Explain the differences between fixed budgets, flexible budgets and reforecast Calculate variances and identify their cases Explain and illustrate the concept of zero-based budgeting Explain the uses and limitations of standard costing Identify and determine different standards; basic, ideal, attainable and current standards Identify and calculate sales and cost variances Prepare standard product cost and analyze different types of variances between standard and actual product costs Identify the significance of, and inter-relationship between, variances Module 5: Estimating Costs and Revenues for Decision-Making Calculate and explain the usefulness of contribution margin and contribution margin ratio Determine the sales volume required to earn a desired level of operating income Identify the purposes of break-even analysis Illustrate and determine the margin of safety Use Cost Volume Profit (CVP) relationships to evaluate a new marketing strategy Identify assumptions underlying CVP analysis

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