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:
- Explain the concept of Management Process
- Determine the components of Management Process
- Define the Cost Management
- Apply the Cost Planning Techniques
- Apply the Cost Reduction Techniques
- Apply the Cost Control & Performance Appraisal Techniques
Workshop Outline:
- Management Process and Cost Management
- The Concept and Components :Management Process
- The Concept and Components :Cost Management Process
- Definition of Cost Management
- Strategic Cost Management
- Operating Cost Management
- Activity-Based Costing
- Cost Reduction Systems
- Just-In-Time (JIT) and Cost Reduction
- Cost Standardization.
- Variance Analysis
- Variance Investigation
- Balanced Scorecard
Who Can Benefit
Vice Presidents of finance, controllers, senior finance managers, executives Accountants, and Financial Affairs personnel