Course Methodology

This course aims at making this advanced subject easier for participants to understand by covering the material using several examples and exercises. In addition, there will be explanations from the subject matter expert and a sharing of knowledge between participants.

Course Objectives

By the end of the course, participants will be able to:

• Discover the importance of analyzing and managing costs
• Develop important tools for planning and decision making
• Explain Activity-Based Costing (ABC) and Activity-Based Management (ABM)
• Estimate costs and allocate them properly
• Evaluate and manage performance through strategic cost management

Target Audience

Financial managers or directors, accountants, financial assistants, budget accountants, analysts, budget and planning managers and coordinators, operations managers, facilities managers and professionals interested in cost management.

Target Competencies

• Distinguishing relevant costs
• Analyzing costs
• Allocating costs
• Calculating product costs using different methods
• Assessing value adding costs
• Choosing between cost alternatives
• Advising management to buy or manufacture
• Evaluating performance