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Cost Control – Beginner & Intermediate
This workshop will help participants have a clear idea about the cost control management and how to implement it in their companies through planning, budgeting, and controlling techniques.
Participants will be able to understand the structure of all kinds of cots and know the difference between a cost and an expense.
hours
9
language
English
Summary
This workshop will help participants have a clear idea about the cost control management and how to implement it in their companies through planning, budgeting, and controlling techniques.
Participants will be able to understand the structure of all kinds of cots and know the difference between a cost and an expense.
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
Upon completion of workshop participants will be able to:
- Understand the difference between management accounting versus financial accounting
- Know what is cost management and how it can improve the company’s financial position
- Understand more the link between strategy, planning, budgeting and cost management
- Understand cost structure and behaviour
- Learn about all types of cost
- Differentiate between costs and expenses
Topics Covered
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- Balance Sheet
- Income Statements
- Cash Flow Statement
- Budgeting Concepts
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- Management Accounting Versus Financial Accounting
- Business Management and Financial Management
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- Cost Structure and Behaviour
- Classifications of Costs
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- Costs Versus Expenses
- Period Vs. Product Costs
- Fixed Vs. Variable Costs
- Indirect and Direct Costs
- Implicit and Explicit Costs
- Sunk and Opportunity Costs
- Committed and Discretionary Costs
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- Flow of Manufacturing Costs
- Direct Materiel, Direct Labor and Overhead Costs
- Inventory: Raw Material, Working in Progress and Finished Goods
- Difference Between Cost of Goods Sold & Cost of Goods Manufactured
- Allocation Base
- Break-Even Analysis for Planning and Control
- Benefit-Cost Analysis
minimize course outline
The requested schedule is currently not available. Leave your contact details to send you schedule updates.