Strategic Cost Management
General Objectives:
The general objective of this course is to equip participants with knowledge and techniques of costing, emphasizing the view of the business as a whole and its need to generate important results for the Company.
Specific Objectives:
At the end of the course trainees will be able to:
- Identify the various costing systems;
- Calculate the elements that constitute the cost of a product or service;
- Calculate the contribution margin of each product or product line of the company;
- Understand the operation of the activity-based costing method;
- Use cost information for decision making.
CONTENTS
Module I - Relevant Costs for Control and Decision Making
- Propose, planning and cost control;
- Main cost concepts: direct, indirect, fixed and variable;
- Costing methodologies - By cost centers and by activities.
Module II - Earnings Management for Analysis and Decision Making
- Income statement oriented to decision making;
- Application of the Contribution Margin concept;
- Fundamentals of the theory of constraints;
- Performance analysis by business segment;
- Accounting, economic and financial break-even point;
- Margin of safety and operating leverage.
Module III - Strategic Cost Management
- Fundamentals of strategic cost management;
- Strategic analysis versus traditional analysis;
- The value chain concept;
- Strategic positioning.
Module IV - The Activity Based Costing System
- Activity-based costing fundamentals The ABC methodology - basic concepts;
- Activity Based Costing;
- Activity Based Management (ABM) decision making process.
High Skills - Formação e Consultoria
Angola | Cabo- Verde | Moçambique | Portugal | S. Tomé e Princípe
Angola | Cabo- Verde | Moçambique | Portugal | S. Tomé e Princípe
