Cost Analysis to Support
Strategic Decisions
26 – 30 August 2024
Sandton Centre Jhb - South Africa
Register Now! Limited Seats Available!
Introduction
The Cost Analysis to Support Strategic Decisions training course intends to support all organizations improving the bottom line. Adding value and making more sound operational & financial decisions.
In this variance analysis course, participants learn to analyze the performance of projects, and even entire departments, from a financial perspective; gain a deeper understanding of cost management and how resources are allocated throughout an organization; and understand how to leverage cost and variance analysis to position a particular project or department for success. Cost analysis is critical for making informed strategic decisions in the business.
No matter what background you come from, this course will make costing, budgeting and performance measurement easily understood for every discipline across the organization. This programme will allow you to explore the traditional tools of cost analysis and control as well as new advanced approaches, which reflect and respond to the current complex business environment. In particular, you will learn:
- the cause-and-effect relationship among business strategy, operational objectives, measures and targets, and systems of performance measurement and reporting
- traditional techniques of cost analysis and control
- advanced costing and management techniques (ABC, ABB, ABM, target costing)
- overhead cost allocation and reduction
- the balanced scorecard construction and implementation
Objectives:
- Enhance cost awareness and its relationship with strategy
- Describe specific cost analysis and performance measurement techniques
- Select the costing measurement system that works
- Select the systems of performance measurement that works
- Discuss real case studies
- From cost to strategy to performance measurement
- Broadening the management accounting knowledge
- Deliver more timely and useful information to decision makers
- Identify and manage key financial and non-financial indicators for the business
Who Should Attend:
- Staff who need to know more about business budgeting and costing terms and techniques to improve their communication with accounting colleagues
- Anyone from non-financial disciplines that needs to know how to financially evaluate proposed business expenditure decisions
- Project accountant
- Directors
- Managers who need to improve their skills in constructing and controlling their budget
- Supervisors from every business discipline and department who have to manage departments and plan, cost, and budget during their business careers
- Executives who need to evaluate plans for approval and variance reports for corrective action
End of the workshop
IN HOUSE AND ONLINE TRAINING
While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.
For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com
