Code | Date | City | Fees | Register |
---|---|---|---|---|
E021 | June 2, 2024 - June 6, 2024 | Cairo - EGYPT | $ 4000 |
Register Course.. |
E021 | September 29, 2024 - October 3, 2024 | Online | $ 1500 |
Register Course.. |
E021 | December 1, 2024 - December 5, 2024 | Dubai – UAE | $ 5000 |
Register Course.. |
E021 | March 24, 2025 - March 26, 2025 | Basel | $ 3000 |
Register Course.. |
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Objectives
- The subjects that will be discussed in the Course include:
- Information for informed management decisions
- Management use of management accounting information
- A new role for the management accountant
- Cost management and Strategy
- Basic Cost and Cost Analysis
- Cost Behaviour and Cost Estimation
- Different Approaches to Costing (Standard Costing, Activity-Based Costing)
- Product costing in multinational firms
- Cost Planning and Budgeting
- Decision Making with Relevance Costs and a Strategic Emphasis
The Delegates
- Managers with direct financial responsibilities
- Managers and Seniors who need to know more about business planning, budgeting, costing terms and techniques.
- Cost and management accountant
- Financial planners and cost analysts
- Senior managers who supervise people with financial responsibilities
- Financial and budget controllers who are moving to wider responsibilities
- Managers who have to plan, cost and budget new business ventures.
- Managers and Supervisors from every business discipline and department who have to run departments and plan, cost and budget during their business lives.
- Managers who require a refresher programme on the topic or who would benefit from having an opportunity to consider new ideas and methods.
Contents
- Management and Cost management Fundamentals: a review of key cost concepts
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- The accountant’s role in the organization
- An introduction to cost terms and purposes
- The use of cost management information
- Creating cost-aware organizations
- Review of some key cost concepts
- Product vs. Period costs
- Direct and Indirect Costs
- Cost behavior: Fixed and Variable Costs
- Problems and Examples
- Different Approaches to Costing: Part 1
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- Absorption (Full) vs. Variable costing
- Under-costing and over-costing: the consequences for profitability
- How to refine a costing system?
- Activity-based costing (ABC) and cost-management
- Cost hierarchy & Cost drivers
- Linking resources, activities and management
- Introducing Activity-based management (ABM)
- Linkages between ABM and ABC – monitoring value creation
- Problems, Case Study and Examples
- Different Approaches to Costing: Part 2
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- Job-costing systems
- Process costing systems
- Cost allocation
- Cost allocation: joint-cost situation
- Transfer pricing
- Problems, Case Study and Exercises
- Different Approaches to Budgeting
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- Fixed and flexed budget (static and flexible budget)
- Rolling budget
- Zero based budgeting
- Activity based budgeting
- Master budget
- From costing to budget: interpreting variances (variance analysis)
- Integrate continuous improvement into variance analysis
- Problems, Case Study and Exercises
- Cost Planning and Pricing Decisions: Life-Cycle-Costing, Target costing and Target Pricing:
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- Linking process development to costing
- Target costing, target pricing and its implications
- The three major influences on pricing decisions
- Distinguish between cost incurrence and locked-in costs
- Cost plus approach to pricing
- Life cycle product budgeting and costing to assist in pricing decision
- Problems, Case study and Examples
The Discount
0% in case of Three P. (or more)