STRATEGIC COST MANAGEMENT FOR NON FINANCE PERSONNEL
May, 15th– 17th 2013 – Grand Aston Hotel Yogyakarta
OBJECTIVE
At the end of this course, participants will have gained in understanding and more capability in management decision making, devising planning and performance management systems. Also providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy.
PROGRAMME OUTLINE
- INTRODUCTION TO STRATEGY
- Cost Management versus Financial Reporting
- Function of Management
- Changes in Contemporary Business Environment
- IMPLEMENTING STRATEGY
- Value Chain
- Balance Score Card
- Strategy Map
- BASIC COST MANAGEMENT CONCEPT
- General Principle of Cost Assignment
- Product and Service Costing Concept
- ACTIVITY BASED COSTING
- Activity Based Management
- Volume Based Method
- ABC Method
- COST ALLOCATION AND ESTIMATION
- Strategic Role of Cost Allocation
- Strategic Role of Cost Estimation
- Steps of Cost Estimation
- PROFIT PLANNING
- Cost Volume Profit Analysis
- Strategy and the Master Budget
- COST PLANNING
-Product Life Cycle
- Target Costing
- Strategic Pricing
- STRATEGY AND ANALYSIS OF CAPITAL INVESTMENT
-Strategic Nature of Capital Budgeting
- OPERATIONAL PERFORMANCE MEASUREMENT
-Sales and Direct Cost Variances
- Role of Non-financial Performance Measures
- Indirect Cost Variances
- Resources Capacity Management
- THE MANAGEMENT AND CONTROL OF QUALITY
-Characteristics of the Framework for Managing and Controlling
Quality
- Financial Measures and Cost of Quality
- STRATEGIC PERFORMANCE MEASUREMENT
-Cost Center
- Profit Center
- Investment Center
- The Balanced Score Card
COURSE LENGTH:
3 days