Cost management is considered one of the basic skills in accounting and financial management. Its impact extends to all departments and financial positions in the organization, and cost management covers many accounting concepts such as financial operations, their arrangement, and bearing costs. This training course is based on cost accounting activities that support the process of making essential decisions such as whether the organization should continue producing that product or stop producing it, manufacture or purchase, replace or retain that equipment. This course also covers internal service cost allocation, cost estimates and transfer pricing, ending with performance evaluation principles briefly covering the balanced scorecard and resource scarcity management.