In an innovative blend of culinary arts and financial acumen, Elucidation Accounting Records Est hosted an enlightening workshop that ventured beyond traditional boardrooms and into the flavorful world of cookie-making. Spearheaded by Alya Al Alawi, CEO and Owner, the workshop welcomed participants to the engaging realm of cost accounting, demonstrated through the universal language of baking.
The workshop, featuring international training expertise from Filipino professionals, offered a hands-on approach to understanding the intricacies of cost accounting. Participants, ranging from budding entrepreneurs to seasoned business owners, delved into the practical aspects of calculating costs, setting product prices, and managing financial records effectively.
Participants engaging in cookie-making as part of learning cost accounting principles
Alya Al Alawi, opening the workshop, emphasized the importance of innovative learning methods in grasping complex financial concepts. “Today, we embark on a journey that transforms the mundane into the extraordinary. By integrating the art of cookie-making, we aim to demystify cost accounting, making it accessible and engaging for all,” stated Al Alawi.
The session unfolded with participants being introduced to the fundamental components of cost accounting – direct materials, direct labor, and overheads, all through the process of baking cookies. This not just added a tangible aspect to theoretical knowledge but also sparked creativity among attendees.
Alya AL Alawi, CEO, addressing the workshop participants
The highlight of the event was the practical exercise where participants applied their newly acquired knowledge to calculate the cost of producing a batch of cookies. This exercise not only reinforced learning but also illustrated how cost accounting principles are pivotal in setting product prices and ensuring business profitability.
Feedback from attendees was overwhelmingly positive, with many appreciating the unique approach to learning complex accounting principles. “This workshop has changed my perspective on accounting. The hands-on experience made learning so much more tangible and understandable,” shared one of the participants.
Workshop Participants Calculating costs and setting prices for their cookie batches
Elucidation Accounting Records Est is committed to providing innovative and effective training sessions that cater to the evolving needs of the business community. This workshop is a testament to their dedication to blending education with practicality, ensuring that learning is not just informative but also immensely enjoyable.
Stay tuned for more creative workshops and events that promise to enlighten and inspire.
