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Cost Control – Advanced
This workshop will help participants to have an advanced idea about the cost management, costing systems and the methods to allocate overhead costs.
Especially to the seniors and managers in finance, cost, budgeting, production, business development, business planning departments who are in need to have a deep idea regarding the costing system.
hours
9
language
English
Summary
This workshop will help participants to have an advanced idea about the cost management, costing systems and the methods to allocate overhead costs.
Especially to the seniors and managers in finance, cost, budgeting, production, business development, business planning departments who are in need to have a deep idea regarding the costing system.
Target Audience
This course will appeal to a wide range of audiences and is intended for Business Professionals who intend to earn financial skills.
Skills Gained
- Identify cost measurement systems
- Understand the cost accumulations systems
- Understand the method of allocation overhead
- Differentiate between traditional cost allocation and Activity Based Costing
- Differentiate between variable costing versus absorption costing
- Know more about budget role, construction and control
Topics Covered
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- Cost Structure and Behaviour
- Classifications of Costs
- Flow of Manufacturing Costs
- Direct Materiel, Direct Labour and Overhead Costs
- Inventory: Raw Material, Working in Progress and Finished Goods
- Difference Between Cost of Goods Sold & Cost of Goods Manufactured
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- Cost Measurement Systems
- Cost Accumulations Systems
- Method of Allocation Overhead
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- Full and Marginal Costing
- Linking Resources,
- Activities and Management
- Traditional Cost Allocations Systems Vs. Activity-Based Costing
- Activity Based Management
- Activity Based Costing
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- Variable Costing
- Contribution Margin
- Absorption Costing
- Gross Profit
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- Budgeting Within Management Accounting
- Value of Budgeting
- Role of Costs in Pricing Strategies
- Behavioural Implications of Budgeting
- Creating Key Performance Indicators (KPI) For Financial and Non-Financial Performance
- Balanced Scorecard
minimize course outline
The requested schedule is currently not available. Leave your contact details to send you schedule updates.