Cost Analysis, Control and Optimization
Code | Available Dates | Places & Fees | Registeration | ||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
1- Online Training...with international accreditation. The value of participation per person is €1,450
2-Requirement : specifying the course, number of participants
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Cost Analysis, Control and Optimization
Introduction :
Cost management is an important topic in accounting and finance as its effects stretch to all departments and impact the financial position of the organization. Cost management covers several cost concepts such as job and batch orders and absorption costing. The pinnacle of any cost management training is activity-based costing which helps in making better decisions. Among these decisions are whether to drop or keep a product, make or buy, and replace or keep a piece of equipment. Moreover, cost management includes allocating costs of service departments internally. Also covered in this course are cost estimations and transfer pricing. The course will close with evaluating performance and a brief discussion on the balanced scorecard and managing scarce resources.
Course Objectives :
At the end of this course, the participants will be able to :
- Discover the importance of analyzing and managing costs
- Develop important tools for planning and decision making
- Explain Activity-Based Costing (ABC) and Activity-Based Management (ABM)
- Estimate costs and allocate them properly
- Evaluate and manage performance through strategic cost management
Targeted Audience :
Financial managers or directors, accountants, financial assistants, budget accountants, analysts, budget and planning managers and coordinators, operations managers, facilities managers and professionals interested in cost management.
Course Outlines :
- Strategic need for analyzing and managing costs
- Definition of cost management
- Dimensions of cost management
- Product costing systems: concepts and design issues
- Cost behavior, types and hierarchy
- Cost accumulation job shop
- Batch production operations
- Variable versus absorption costing
- Cost management decisions
- Decision making process
- Identifying relevant costs
- Evaluating alternatives
- Outsourcing decisions : make or buy
- Add or drop product or business line
- Replacing equipment
- Special order pricing decisions
- Activity based management
- ABC systems
- Analyzing value added versus non value added activities
- Activity-based management
- Managing customer profitability
- Managing quality and time to create value
- Cost estimation and transfer pricing
- Cost estimation techniques
- Identifying and choosing a cost driver
- Simple regression analysis
- Multiple regression analysis
- High-low method
- Applications in Microsoft Excel
- Allocating costs of support departments
- Direct method
- Step method
- Reciprocal method
- Inter-group transfer pricing issues
- Cost estimation techniques
- Evaluating and managing performance
- Cost, volume, profit analysis
- Breakeven point
- Breakeven point for multiple products
- Target income
- Operating leverage
- Margin of safety
- Managing scarce resources
- Flexible budget
- Activity-based budgeting
- Strategy, balanced scorecards and performance measurement
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 9001/2015 from the English international company UKAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
