Who should attend
Financial managers/directors, accountants, financial assistants, budget accountants, analysts, budget and planning managers and coordinators, operations managers, facilities managers and any professional interested in cost control
About the course
This course addresses a number of tools that can be used to examine the cost structure of a business, including analyses for cost objects, constraints, and processes. The course also addresses how to reduce costs in all of the major areas of a corporation, including compensation, sales, production, procurement, and administration. There are extensive discussions of asset reduction techniques, as well as cost management reports and measurements.
## Course Objectives
By the end of the program, participants will be able to:
- Learn the importance of analyzing and managing costs.
- Understand Activity-Based Management – ABM.
- Appreciate the importance of process costing and cost allocation.
- Develop important tools for planning and decision making.
- Evaluate and manage performance through strategic cost management.
## Course Outline
Setting the Strategic Foundation: The Importance of Analyzing and Managing Costs
Product Costing Systems: Concepts and Design Issues
Cost Accumulation for Job-Shop and Batch Production Operations
Activity-Based Costing Systems – ABC
Activity-Based Management – ABM
Managing Customer Profitability
Managing Quality and Time to Create Value
Process Costing and Cost Allocation
Managing and Allocating Support-Service Costs
Planning and Decision Making
Financial and Cost-Volume-Profit Models
Cost Management and Decision Making
Strategic Issues in Making Investment Decisions
Budgeting and Financial Planning
Evaluating and Managing Performance
Standard Costing, Variance Analysis, and Kaizen Costing
Flexible Budget, Overhead Cost Management, and Activity-Based Budgeting
Transfer Pricing Strategy, Balanced Scorecards, and Incentive Systems
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.