• slidebg1
    A State of the Art Trainning Solutions.
  • slidebg1
    Internationally recognized health and safety qualifications.
  • slidebg1
    Covering a wide range of disciplines and industries.


Budgeting & Accounting

Cost Analysis and Performance Measurement

Introduction

This course addresses key issues, such as cost analysis, continuous improvement of cost assignment, management control, and performance evaluation. In so doing, the Course pushes delegates to understand the cause-and-effect relationship among business strategy and vision, operational objectives, measures and targets, advanced performance measurement and reporting


Objectives

By the end of this course participants will learn:

  • Enhance cost awareness
  • Describe specific cost analysis and performance measurement techniques
  • Select the costing measurement system that works
  • Select the systems of performance measurement that works
  • Demonstrate Activity-based costing techniques
  • Broadening knowledge of performance management techniques
  • To understand the link between involvement and accountability
  • Discuss real case studies
  • Broadening the management accounting knowledge
  • Enhance the ability to link cost to strategy to performance measurement

Target Audience
  • Professionals with direct financial responsibilities and those who would benefit from news ideas and methods
  • Employees from every business discipline and department who must run departments and plan and who are responsible for cost and strategic analysis
  • Middle to senior personnel from all sectors of industry and employees on fast-track development Courses, along with other employees working in a project management environment

Budgeting & Accounting Outline

The course will cover the following topics:

Refining Cost Accounting Systems

  • Review of key Cost Concepts
  • Decentralized organizations
  • Cost Profit Investment centers
  • Implications for cost management
  • Transfer-pricing issues
  • Budgeting and variance analysis
  • Problems and Examples

Understanding Activity-based Management

  • Cost drivers and Activity-based costing
  • Using ABC in administrative functions
  • Advantages disadvantages
  • Activity-based management
  • Quantitative vs. Qualitative indicators

Performance Measurement

  • Measuring performance
  • Introducing the Balanced Scorecard
  • Financial perspective
  • Customer perspective
  • Internal Business Process perspective
  • Learning and growth perspective

Linking Strategy to Action

  • Linking Balanced Scorecards with budgeting
  • Linking Strategy to Performance Measurement and to Action
  • Evaluating investment projects
  • Developing and adapting scorecard
  • Linking Balanced Scorecards with performance evaluation
  • Problems and Examples
  • The transformative power of the Balanced Scorecard
  • Shortcomings of traditional approaches to measurement
  • An integrated management models
  • The role of measurement
  • Building commitment and accountability
  • Using the Balanced Scorecard to drive culture change
  • Driving continuous improvement

  
  

Ref Location From To Cost
BA09 Kuwait 18-7-2021 22-7-2021