Workshop Description:

This five-day course addresses cost and management accounting topics relating to how to plan and control cost elements.

Workshop Goal     :

To enhance the participants’ Knowledge, Abilities and Skills necessary for cost planning and control in order to manage the available resources effectively

Workshop Objectives:

By the end of this program, participant will be able to:

1. Explain the concept of Management Process
2. Determine the components of Management Process
3. Define the Cost Management
4. Apply the Cost Planning Techniques
5. Apply the Cost Reduction Techniques
6. Apply the Cost Control & Performance Appraisal Techniques

Workshop Outline:

• Management Process and Cost Management

1. The Concept and Components :Management Process
2. The Concept and Components :Cost Management Process

• Definition of Cost Management
• Strategic Cost Management
• Operating Cost Management

• Cost Planning

1. Activity-Based Costing           
2. Cost Reduction Systems
3. Just-In-Time (JIT) and Cost Reduction
4. Cost Standardization. 

• Cost Control

1. Variance Analysis
2. Variance Investigation
3. Balanced Scorecard

Who Can Benefit

Vice Presidents of finance, controllers, senior finance managers, executives Accountants, and Financial Affairs personnel