Advanced Cost Management for Business Competitiveness (Manila)

HRODC Postgraduate Training Institute
In Manila, Philippines (Philippinen)

5001-6000

Wichtige informationen

  • Kurs
  • Manila, philippines (Philippinen)
  • Dauer:
    5 Days
  • Wann:
    Freie Auswahl
Beschreibung

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.

Wichtige informationen

Voraussetzungen: Degree or Work Experience

Veranstaltungsort(e)

Wo und wann

Beginn Lage
Freie Auswahl
Freie Auswahl
Manila, Philippines
Makati, 1200, Philippines, Philippinen
Plan ansehen

Was lernen Sie in diesem Kurs?

Management
IT
Financial
Financial Training
IT Management

Themenkreis

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