Cost Accounting for Capital Investments
Spending on capital investments usually includes significant costs that can span several years and are hard to estimate accurately. After the implementation of project, these costs should be monitored and accounted properly, in order to track progress and results.
About this learning event
In order to successfully plan and implement capital investment, it is important to realize the role of costing activities and good quality financial information because of the impact on decision-making process. Better information on cost of delivering investment enable managers to make decisions about new projects. In other words, it enables them to review and understand how efficiently and effectively resources are being used.
Investment projects should be treated soundly in the budget process, with proper accounting and disclosure of all costs. One of the objectives of this course will be to show accounting and costing calculations can be made and that in turn should lead to better quality allocation decisions and more realistic relationships between expected performance and the available resources.
The aim of the workshop is to discuss challenges related to the cost-benefit analysis of investment project, introduction of costing systems and to practice various costing techniques. It will introduce how cost accounting of capital projects provides a basis for evaluating the efficiency and effectiveness of delivering public investment. We will also discuss how accounting methods and rules influence the expenses and project budget.
During the workshop we will discuss the following topics:
- Appraisal of capital investments
- Estimation of project costs
- Actual vs budgeted costs
- Evaluation of investment costs
Who should attend?
This workshop is designed for accountants, financial officers, auditors and managers working in ministries of finance, line ministries and other institutions, who are involved in implementation and evaluation of capital investments projects. The workshop will be highly participatory. Participants are encouraged to be active in discussions and exercises throughout the three-day event, and to share country experiences and challenges.
As the workshop will be held in ENGLISH with no translation, participants should have a good command of English.
No fee will be charged for the officials working in the public sector. Coffee breaks and lunches during the workshop will be provided by the CEF.
The costs of travel, accommodation, meals and visa for participants will need to be covered by their sponsoring institution or other donor.
Applications need to be submitted no later than March 8, via online application form.
This learning initiative is supported by: