Cost analysis and performance measurement is fundamentally an important process. In most cases, to measure performance, cost analysts begin by measuring resources consumed (cost items). Next, they match (assign) cost items to cost objects. Finally, they account for the prices paid (historical cost) to acquire cost items and adjust those prices to reflect economic reality. Based on real case studies, this 5-day course covers the fundamentals of costing in order to accumulate and assign cost elements to units produced or service rendered and finally evaluate the performance.
To enhance the participants' knowledge, skills and abilities necessary to understand how to analyze cost elements and measure performance.
By the end of this Course the participant will be able to:
Enhance cost awareness
Identify the meaning of cost, loss, and waste.
Distinguish between expense and expenditure, product and period costs, manufacturing and non-manufacturing, direct and indirect costs and fixed and variable costs.
Understand cost behavior and describe specific cost analysis techniques
Select the costing measurement system that works
Understand how to measure cost of quality
Describe specific performance measurement techniques
Select the systems of performance measurement that works
Broadening the management accounting knowledge
Enhance the ability to link cost to strategy to performance measurement
Use Information for Performance Measurement and Control
Understand how to use Balanced Scorecard as a strategic tool for Performance Measurement and Control
Understand how to transfer from cost to strategy to performance measurement
Apply Financial Performance tools in Oil and Gas Companies
Understand how to Improve Performance
Home
