Certificate in Cost Management
By the end of the program, participants will be able to:
Discover the importance of analyzing and managing costs.
Explore Activity-Based Costing - ABC and Activity Based Management - ABM.
Realize the importance of process costing and cost allocation.
Develop important tools for planning and decision making.
Evaluate and manage performance through strategic cost management.
This Program is designed for:
Financial managers/directors, accountants, financial assistants, budget accountants, analysts,
budget and planning managers and coordinators, operations managers, facilities managers and
any professional interested in cost control.
Setting the Strategic Foundation:
The Importance of Analyzing and
Managing Costs |
Planning and Decision-Making |
What is Cost Management?
Product Costing Systems: Concepts and Design
Issues
Cost Behavior, Types and Hierarchy
Cost Accumulation for Job-Shop and Batch
Production Operations
Variable versus Absorption Costing
|
Cost Estimation Techniques
Financial and Cost-Volume-Profit Models
Cost Management and Decision-Making:
o Make or Buy Decisions - Outsourcing
o Add or Drop a Business, Product or Service
o Special Order Pricing
o Equipment Replacement
Management Issues in Making Investment
Decisions
Budgeting and Financial Planning
|
| Activity-Based Management |
Evaluating and Managing Performance |
Activity-Based Costing Systems - ABC
Analyzing Value-Added versus Non-Value-
Added Activities
Activity-Based Management - ABM
Managing Customer Profitability
Managing Quality and Time to Create Value
|
Standard Costing and Variance Analysis
Kaizen Costing and Target Costing
Flexible Budget and Activity-Based Budgeting
Overhead Cost Management
Transfer Pricing
Strategy, Balanced Scorecards, and Incentive
Systems
|
| Process Costing and Cost Allocation |
|
Process-Costing Systems
Joint-Process Costing
Managing and Allocating Support-Service
Costs
|
