Cost Analysis and Performance Measurement

This program addresses the key issues, such as cost analysis, continuous improvement of cost assignment, management control, and performance evaluation. In so, doing the program pushes the delegates to understand the cause-and-effect relationship among

• advanced performance measurement and reporting
• operational objectives, measures and targets, and
• business strategy and vision

## Course Objectives

In this program you will learn:

• The balance scorecard construction and implementation
• The linkages between strategy, budgeting, operations and financial/non-financial measurement
• Cost analysis and improvement
• Advanced costing and management techniques (ABC, ABB, ABM) Economic Value Added
• Enhance the ability to link cost to strategy to performance measurement
• Broadening the management accounting knowledge
• Discuss real case studies
• To understand the link between involvement and accountability
• Broadening knowledge of performance management techniques
• Demonstrate activity-based costing techniques
• Select the systems of performance measurement that works
• Select the costing measurement systems that works
• Describe specific cost analysis and performance measurement techniques
• Enhance cost awareness

## Course Outline

Refining Cost Accounting Systems

• Transfer-Pricing Issues

• Cost/Profit/Investment Centres

• Implications for Cost Management

• Review of Key Cost Concepts

• Decentralized Organizations

• Budgeting and Variance Analysis

• Problems and Examples

Understanding Activitty-Based Management

• Advatanges/Disadvantages of ABC

• Using ABC in administrative Functions

• Quantitative vs Qualitative Indicators

• Cost drivers and Activity-based Costing

• Problems and Examples

Performance Measurement

• Introducing the Balance Scoreboard

• Financial Perspective

• Customer Perspective

• Learning and Growth Persfective

• Internal Business Process Perspective

• Measuring Performance

• Problems and examples

Linking Startegy to Action

• Evaluating Investment Projects

• Developing and Adapting Scoreboard

• Linking Strategy to Performance Measurement and to Action

• Linking Balance Scorecards with performance evaluation

• Linking Balance Scorecards with Budgeting

• Problems and Examples

The Transformative Power of the Balance Scoreboard

• The Role of Measurement

• An Integrated Management Model

• Driving Continuous Improvement

• Building Commitment and Accountability

• Using the Balance Scoreboard to drive culture change

• Shortcomings of Traditional approaches to measurement