Advanced Cost Management for Business Competitiveness (Riyadh)

HRODC Postgraduate Training Institute
A Riyadh, Saudi Arabia (Arabia Saudita)

5001-6000

Informazione importanti

  • Corso
  • Riyadh, saudi arabia (Arabia Saudita)
  • Durata:
    5 Days
  • Quando:
    Da definire
Descrizione

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.

Informazione importanti

Requisiti: Degree or Work Experience

Sedi

Dove e quando

Inizio Luogo
Da definire
Riyadh, Saudi Arabia
Old Airport Road, 17058, Saudi Arabia, Arabia Saudita

Cosa impari in questo corso?

Management
IT
Financial
Financial Training
IT Management

Programma

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