Cost Awareness and Management

Overview

The course focuses on key aspects of cost control and management and provides an understanding of the importance of costs to both the decision making and performance evaluation process within an organisation.

Requirements

This course is for Managers, Executives, Budget Holders, Cost Controllers, Senior Management, Middle Management

Following Courses

No following Courses Found.

Training Course Outline

 The Nature and Importance of Costs

 


The difference between financial and management accounting

Types of cost

Classification of costs

Fixed and variable costs

Direct and indirect costs

Managing and controlling costs

Role of costs in pricing strategies

Overheads

Absorption costing

Activity based costing

Overhead allocation and apportionment

Standard Costing

The planning process

Management by exception

Variance analysis

Marginal Costing

Break-even analysis

Contribution analysis

Cost / volume / profit relationship

Relevant Costing

Make or buy

Product termination

Special orders

Project discontinuation

Capital Investment Appraisal

Accounting rate of return

Payback

Discounted cash flow – NPV, IRR

Weighted average cost of capital

Time value of money

Sensitivity analysis

Training Course Dates

DateTraining OutlineVenuePriceDetails
2010-04-05 09:30 - 2010-04-06 16:30Cost Awareness and Management North Acton, LondonFrom 650 GBP per personCheck Price! >>
2010-05-31 09:30 - 2010-06-01 16:30Cost Awareness and Management North Acton, LondonFrom 585 GBP per personCheck Price! >>
2010-07-26 09:30 - 2010-07-27 16:30Cost Awareness and Management North Acton, LondonFrom 585 GBP per personCheck Price! >>
2010-09-20 09:30 - 2010-09-21 16:30Cost Awareness and Management North Acton, LondonFrom 585 GBP per personCheck Price! >>
2010-11-15 09:30 - 2010-11-16 16:30Cost Awareness and Management North Acton, LondonFrom 585 GBP per personCheck Price! >>