| | Strategic Management and Strategic Cost Management Course - Balanced Score Card, including cost management information, costing, period costs, direct costs, indirect costs, Indirect Costs, cost behaviour, fixed costs, variable costs, costing approaches, absorption costs, variable costing, under-costing, over-costing, costing and profitability, costing in recession, economic costing, credit crunch costing, costing systems, activity-based costing, ABC, cost-management, cost hierarchy, Cost drivers, costing resources, costing activities, Activity-based management, ABM, ABM and ABC costing and value creation, budgeting, approaches to budgeting, fixed budgets, flexible budgets, static budgets, rolling budgets, zero based budgeting, activity based budgeting, master budgets, costing and budgets, budget variances, variance analysis, costing continuous improvements, variance analysis factors, cost planning, costing decisions, costing cycle, costing life cycle, target costing, target pricing, development costing, target costing, target pricing implications, pricing influence, cost incurrence, locked-in costs, cost plus pricing, product budgeting, absorption pricing decisions, costing control systems, costing and performance measurement, performance management, financial performance, non-financial performance, performance measurement, accounting-based performance, performance measure, rate of returns, return on investment, ROI, RoI, EVA, strategic performance measurement, balanced score cared, management accountant, incentive systems, cost management and strategy, corporate strategy, strategy implementation, cost and cost analysis, cost behaviour and cost estimation, standard Costing, cost planning and Budgeting, strategic performance measurement, decision making with relevance costs, strategic cost emphasis Strategic Management and Strategic Cost Management Course or Seminar, Leading To HRODC Diploma - Postgraduate - in Strategic Management and Strategic Cost Management Strategic Management and Strategic Cost Management Seminar or Public Course and In-House Course, Leading To HRODC Diploma - Postgraduate - in Strategic Management and Strategic Cost Management Introduction and Rationale In 21st century business environment, effective strategic management is critical to the success of the firm or organization and is thus a pervasive theme of this seminar. The growing pressures of global competition, technological innovation, and change in business processes have made cost management much more critical and dynamic than ever before. Managers and management accountants must think competitively; doing so requires a strategy. Because strategic issues are increasing in importance to management, cost management has moved from a traditional role of product costing and operational control to a broader, strategic focus: strategic cost management. Strategic Cost Management is the development of cost management information to facilitate the principal management function, strategic management. Cost management information is a broad concept and includes information that the manager needs to effectively mange the firm or not-for-profit organization and included both financial information about costs and revenues as well as relevance non financial information about productivity, quality, and other key success factors for the firm.
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Strategic Management and Strategic Cost Management Seminar or Public Course and In-House Course, Leading To HRODC Diploma - Postgraduate - in Strategic Management and Strategic Cost Management For Whom Designed?: Non-Financial managers from all functions of an enterprise will benefit from this intensive seminar which teaches the key financial issues covered in international MBA programmes. Financial managers wanting an update or refresher of their knowledge will also benefit from attending. In detail: - 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
- Managers who need to know more about business planning, budgeting, costing terms and techniques.
- Managers who have to plan, cost and budget new business ventures.
- Managers and Supervisors from every business discipline and department who have to run departments and plan, cost and budget during their business lives.
- First appointment managers on fast-track development programmes
- Managers who require a refresher programme on the topic or who would benefit from having an opportunity to consider new ideas and methods
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Strategic Management and Strategic Cost Management Seminar or Public Course and In-House Course, Leading To HRODC Diploma - Postgraduate - in Strategic Management and Strategic Cost Management PROGRAMME OBJECTIVES and TRAINING METHODOLOGY PROGRAMME OBJECTIVES Participants gain the insights they need to win in the global marketplace. Key subjects that the seminar addresses include: - Cost management and Strategy
- Implementing Strategy
- Basic Cost and Cost Analysis
- Cost Behaviour and Cost Estimation
- Different Approaches to Costing (Standard Costing, Activity-Based Costing,
)
- Cost Planning and Budgeting
- Strategic Performance Measurement
- Decision Making with Relevance Costs and a Strategic Emphasis
TRAINING METHODOLOGY Using a combination of lectures and group exercises, the delegates will gain both a theoretical and practical knowledge of the topics covered. The emphasis is on the practical application of the topics and as a result delegates will return to the workplace with both the ability and the confidence to apply the techniques learned. |
PROGRAMME OUTLINE
DAY 1 Cost management and Strategy; with a review of key cost concepts - The use of cost management information
- The issue of costing
- Creating cost-aware organizations
- Review of some key cost concepts
- Product vs. Period costs
- Direct and Indirect Costs
- Cost behavior: Fixed and Variable Costs
- Problems and Examples
DAY 2 Different Approaches to Costing - 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 & 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
DAY 3 Different Approaches to Budgeting - Fixed and flexed budget (static and flexible budget)
- Rolling budget
- Zero based budgeting
- Activity based budgeting
- Master budget
- From costing to budget: interpreting variances (variance analysis)
- Integrate continuous improvement into variance analysis.
- Problems, Case Study and Exercises
DAY 4 Cost Planning and Pricing Decisions: Life-Cycle-Costing, Target costing and Target Pricing - Linking process development to costing
- Target costing, target pricing and its implications
- The three major influences on pricing decisions
- Distinguish between cost incurrence and locked-in costs
- Cost plus approach to pricing
- Life cycle product budgeting and costing to assist in pricing decision
- Problems, Case study and Examples
DAY 5 Control Systems and Performance Measurement - Financial and non-financial measures of performance
- Design an accounting-based performance measure
- Understand ROI, RI and EVA
- Strategic performance measurement: Balanced scorecared
- New role for managers and management accountants in designing incentive systems
- Case, problems and examples
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Content summary of Strategic Management and Strategic Cost Management Course or Seminar, Leading To HRODC Diploma - Postgraduate - in Strategic Management and Strategic Cost Management: Cost management information, costing, period costs, direct costs, indirect costs, Indirect Costs, cost behaviour, fixed costs, variable costs, costing approaches, absorption costs, variable costing, under-costing, over-costing, costing and profitability, costing in recession, economic costing, credit crunch costing, costing systems, activity-based costing, ABC, cost-management, cost hierarchy, Cost drivers, costing resources, costing activities, Activity-based management, ABM, ABM and ABC costing and value creation, budgeting, approaches to budgeting, fixed budgets, flexible budgets, static budgets, rolling budgets, zero based budgeting, activity based budgeting, master budgets, costing and budgets, budget variances, variance analysis, costing continuous improvements, variance analysis factors, cost planning, costing decisions, costing cycle, costing life cycle, target costing, target pricing, development costing, target costing, target pricing implications, pricing influence, cost incurrence, locked-in costs, cost plus pricing, product budgeting, absorption pricing decisions, costing control systems, costing and performance measurement, performance management, financial performance, non-financial performance, performance measurement, accounting-based performance, performance measure, rate of returns, return on investment, ROI, RoI, EVA, strategic performance measurement, balanced score cared, management accountant, incentive systems, cost management and Strategy, corporate strategy, strategy implementation, cost and cost analysis, cost behaviour and cost estimation, standard Costing, cost planning and Budgeting, strategic performance measurement, decision making with relevance costs, strategic cost emphasis. Strategic Management and Strategic Cost Management Course or Seminar, Leading To HRODC Diploma - Postgraduate - in Strategic Management and Strategic Cost Management can be studied as full-time, part-time, short course, on-line course from the following countries and cities: Afghanistan, Kabul, Albania, Tirane, Algeria, Algiers, Andorra, Andorra la Vella, Angola, Luanda, Antigua and Barbuda, Saint John's, Argentina,, Buenos Aires, Armenia, Yerevan, Australia, Canberra, Austria, Vienna, Azerbaijan, Baku, The Bahamas, Nassau, Bahrain, Manama, Bangladesh, Dhaka, Barbados, Bridgetown, Belarus, Minsk, Belgium, Brussels, Belize, Belmopan, Benin, Porto,Novo, Bhutan, Thimphu, Bolivia, La Paz (administrative) Sucre (judicial), Bosnia and Herzegovina, Sarajevo, Botswana, Gaborone, Brazil, Brasilia, Brunei, Bandar Seri Begawan, Bulgaria, Sofia, Burkina Faso, Ouagadougou, Burundi, Bujumbura, Cambodia, Phnom Penh, Cameroon, Yaounde, Canada, Ottawa, Cape Verde, Praia, Central African Republic, Bangui, Chad, N'Djamena, Chile, Santiago, China, Beijing, Colombia, Bogota, Comoros, Moroni Congo, Republic of the, Brazzaville, Congo, Democratic Republic of the, Kinshasa, Costa Rica, San Jose, Cote d'Ivoire, Yamoussoukro (official) Abidjan (de facto), Croatia, Zagreb, Cuba, Havana, Cyprus, Nicosia, Czech Republic, Prague, Denmark, Copenhagen, Djibouti, Djibouti, Dominica, Roseau, Dominican Republic, Santo Domingo, East Timor, Dili, Ecuador, Quito, Egypt, Cairo, El Salvador, San Salvador, Equatorial Guinea, Malabo, Eritrea, Asmara, Estonia, Tallinn, Ethiopia, Addis Ababa, Fiji, Suva, Finland, Helsinki, France, Paris, Gabon, Libreville, The Gambia, Banjul, Georgia, Tbilisi, Germany, Berlin, Ghana, Accra, Greece, Athens, Grenada, Saint George's, Guatemala, Guatemala City, Guinea, Conakry, Guinea,Bissau, Bissau, Guyana, Georgetown, Haiti, Port,au,Prince, Honduras, Tegucigalpa, Hungary, Budapest, Iceland, Reykjavik, India, New Delhi, Indonesia, Jakarta, Iran, Tehran, Iraq, Baghdad, Ireland, Dublin, Israel, Jerusalem, Italy, Rome, Jamaica, Kingston, Japan, Tokyo, Jordan, Amman, Kazakhstan, Astana, Kenya, Nairobi, Kiribati, Tarawa, Korea, North, Pyongyang, Korea, South, Seoul, Kuwait, Kuwait City, Kyrgyzstan, Bishkek, Laos, Vientiane, Latvia, Riga, Lebanon, Beirut, Lesotho, Maseru, Liberia, Monrovia, Libya, Tripoli, Liechtenstein, Vaduz, Lithuania, Vilnius, Luxembourg, Luxembourg, Macedonia, Skopje, Madagascar, Antananarivo, Malawi, Lilongwe, Malaysia, Kuala Lumpur, Maldives, Male, Mali, Bamako, Malta, Valletta, Marshall Islands, Majuro, Mauritania, Nouakchott, Mauritius, Port Louis, Mexico, Mexico City, Federated States of Micronesia, Palikir, Moldova, Chisinau, Monaco, Monaco, Mongolia, Ulaanbaatar, Montenegro, Podgorica, Morocco, Rabat, Mozambique, Maputo, Myanmar (Burma), Rangoon but moving to Pyinmana, Namibia, Windhoek, Nauru, no official capital, government offices in Yaren District, Nepal, Kathmandu, Netherlands, Amsterdam, New Zealand, Wellington, Nicaragua, Managua, Niger, Niamey, Nigeria, Abuja, Norway, Oslo, Oman, Muscat, Pakistan, Islamabad, Palau, Koror, Panama, Panama City, Papua New Guinea, Port Moresby, Paraguay, Asuncion, Peru, Lima, Philippines, Manila, Poland, Warsaw, Portugal, Lisbon, Qatar, Doha, Romania, Bucharest, Russia, Moscow, Rwanda, Kigali, Saint Kitts and Nevis, Basseterre, Saint Lucia, Castries, Saint Vincent and the Grenadines, Kingstown, Samoa, Apia, San Marino, San Marino, Sao Tome and Principe, Sao Tome, Saudi Arabia, Riyadh, Senegal, Dakar, Serbia, Belgrade, Seychelles, Victoria, Sierra Leone, Freetown, Singapore, Singapore, Slovakia, Bratislava, Slovenia, Ljubljana, Solomon Islands, Honiara, Somalia, Mogadishu, South Africa, Pretoria (administrative) Cape Town (legislative) Bloemfontein (judiciary), Spain, Madrid, Sri Lanka, Colombo, Sudan, Khartoum, Suriname, Paramaribo, Swaziland, Mbabana, Sweden, Stockholm, Switzerland, Bern, Syria, Damascus, Tajikistan, Dushanbe, Tanzania, Dar es alaam, Thailand, Bangkok, Togo, Lome, Tonga, Nuku'alofa, Trinidad and Tobago, Port,of,Spain, Tunisia, Tunis, Turkey, Ankara, Turkmenistan, Ashgabat, Tuvalu, Funafuti, Uganda, Kampala, Ukraine, Kyiv, United Arab Emirates, Abu Dhabi, United Kingdom, London, United States, Washington D.C, Uruguay, Montevideo, Uzbekistan, Tashkent, Vanuatu, Port,Vila, Vatican City (Holy See), Vatican City, Venezuela, Caracas, Vietnam, Hanoi, Yemen, Sanaa, Zambia, Lusaka, Zimbabwe, Harare. | |
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