This course is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable. This course provides participants with key cost awareness and budgetary skills, which are essential for managing and controlling resources in times of increasing global competition where the budgets are inextricably linked with both the achievement of strategic objectives as well as with evaluation of future plans and initiatives.
Refine costing and budgeting terminology used in business
Understand the importance of a well-defined costing and budgeting process
Determine full costs of outputs for the goods and services provided
Master traditional techniques and recent best practices in budgeting/cost management
Link finance and operation for budgeting purposes and strategy execution
Learn how to build a comprehensive performance measurement system
Who Should Attend?
Financial and Accountants officers
Those who are interested in the field
Generally Accounting Principles
Basics of Accounting
Cash Flow Statement
Cost and Cost Terminology
LIFO, FIFO, Average methods
Turnover, Idle Time, Overtime
Allocation of over-head
Time value of money
Present Value future value
Simple vs compound interest
Cost volume profit Analysis
The average rate of return
Cash payback method
The internal rate of return
Saving vs investment
Footnotes and disclosures
Auditing and internal control
NOT INTERESTED IN THIS COURSE?
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