Finance and Accounting
>
Workshops
Controlling Costs - Business Edge
Who Should Attend:
The participants in this training course are people holding managerial and/or supervisory positions in companies whose job involves leading and managing a group of people towards achieving a set objective.
Objectives:
By the end of the program, Participants will be able to:
Differentiate the types of costs;
Understand how to arrive at target costs for control;
Analyze cost variances;
Allocate costs appropriately by cost centers for control purposes;
Describe how to maintain cost consciousness among your employees.
Program Profiles:
1. Types of Costs in an Enterprise
Operational Costs
Direct and Indirect Costs
Fixed and Variable Costs
2. Cost Standards
Establishing Cost Standards
Rate and Usage Standards
3. Variances from Cost Standards
Variances from Standard
Controlling Variances
4. Cost Information and Decisions
Cost Information
Tools for Collecting Information
5. Course Coding and Control Centers
Cost Coding
Cost Centers
Grouping Costs
6. Cost Consciousness
How to Ingrain Cost Consciousness
Among Employees
Action Plan
CERTIFICATION REQUIRES ATTENDING AT LEAST 90% OF THE TOTAL SESSIONS.
Material:
Exercise Book (Business Edge)
Duration :
18 hours
