Cost Analysis Techniques for Control and Decision making
General Objectives:
This training program will provide the participants with:
- Confident dealing with basic concepts of cost analysis
- Ability to apply effective methods in analyzing entities
- Understanding new methods and how to apply them
- Increasing benefit from cost analysis and increasing the participant's contribution to taking effective decisions in the entity
Targeted Group:
Managers, financial managers, management accountants, financial controllers, financial analysts, and all those interested in identifying methods of cost data determination and analysis.
Contents:
• Basic principles of cost analysis:
- Cost elements classification
- Cost lists and systems
- Indirect costs allocation
• Cost analysis for short term decision making:
- Concepts of direct costs and contribution analysis in decision making
- Relation of various cost types to Pricing and taking decisions on production mix
- Profitability management in the short term
- Balance between short and long term decisions
• Cost analysis for strategic decision making:
- Effect of using incorrect or useless cost data on taking strategic decisions
• Introduction to cost systems based on activities and their use
- Activity-based management
• Modern cost systems:
- Costs management using continuous improvement (Japanese experience) Kaizen costing
- JIT systems
• Cost analysis for control purposes:
- Control over cost elements preparation
- Processing damaged materials
- Production control
- Processing damaged production units
Course Duration:
15 Hours
For more details don’t hesitate to contact the training officer:
on telephone number 17383001
or e-mail at: gizrmrmt.yzsizrm@gztrgizrmrmt.xln