Advanced Cost Management for Business Competitiveness (Milan)

HRODC Postgraduate Training Institute
In Central London (England), Abu Dhabi, United Arab Emirates (United Arab Emirates), Abuja, Nigeria (Nigeria) and 31 other venues

£ 5,000 - (Rs 4,11,646)
+ VAT

Important information

Description

Limited Objectives: By the conclusion of the specified learning and development activities, delegates will be able to: Explain the accountant's role in the organisation. Define important cost terms and give their corresponding purpose. Determine the use of cost management information and its benefits. Ascertain the strategy on how to create a cost-aware organisation. Be knowledgeable of some key cost concepts. Differentiate product cost from period costs. Differentiate direct cost from indirect costs.
Suitable for: This course is designed for: Managers with direct financial responsibilities, Cost and management accountant, Financial planners and cost analysts, Senior managers who supervise people with financial responsibilities, Financial and budget controllers who are moving to wider responsibilities, etc.

Important information

Requirements: Degree or Work Experience

Venues

Where and when

Starts Location
Flexible
Abu Dhabi, United Arab Emirates
Khalifa Street, 44486, Abu Dhabi, United Arab Emirates
See map
Flexible
Abuja, Nigeria
Cadastral Zone A0, Central Business District, Abuja, 7069, Nigeria, Nigeria
Flexible
Addis Ababa, Ethiopia
Kirkos Subcity Kebele, 21555, Ethiopia, Ethiopia
See map
Flexible
Algiers, Algeria
Rue Hassiba Benbouali, 16015, Algeria, Algeria
See map
Flexible
Algiers, Algeria
Pins Maritimes, 16000, Algeria, Algeria
See map
Flexible
Amman, Jordan
Bin Ali Street, 11118, Jordan, Jordan
See map
See all (34)

What you'll learn on the course

Management
IT
Financial
Financial Training
IT Management

Course programme

Course Contents, Concepts and Issues:

Management and Cost Management Fundamentals: A Review of Key Cost Concepts

  • The Accountant’s Role in the Organization
  • An Introduction to Cost Terms and Purposes
  • The Use of Cost Management Information
  • Creating Cost-Aware Organizations
  • Review of Some Key Cost Concepts
  • Product vs. Period Costs
  • Direct and Indirect Costs
  • Cost Behaviour: Fixed and Variable Costs
  • Problems and Examples

Different Approaches to Costing: Part 1

  • Absorption (Full) vs. Variable Costing
  • Under-Costing and Over-Costing: The Consequences For Profitability
  • How to Refine a Costing System?
  • Activity-Based Costing (ABC) and Cost-Management
  • Cost Hierarchy and Cost Drivers
  • Linking Resources, Activities and Management
  • Introducing Activity-Based Management (ABM)
  • Linkages between ABM and ABC – Monitoring Value Creation
  • Problems, Case Study and Examples

Different Approaches to Costing: Part 2

  • Job-Costing Systems
  • Process Costing Systems
  • Cost Allocation
  • Cost Allocation: Joint-Cost Situation
  • Transfer Pricing
  • Problems, Case Study and Exercises