Who Can Benefit

•  Vice Presidents of finance
• Controllers
•  senior finance managers
•  executives Accountants
•  Financial Affairs personnel

Course Objectives

• Explain the concept of Management Process
• Determine the components of Management Process
• Define the Cost Management
• Apply the Cost Planning Techniques
• Apply the Cost Reduction Techniques
• Apply the Cost Control & Performance Appraisal Techniques

Course Outline

• Management Process and Cost Management

• The Concept and Components :Management Process
• The Concept and Components :Cost Management Process
•  Definition of Cost Management    
• Strategic Cost Management
• Operating Cost Management

• Cost Planning          

•   Activity-Based Costing
• Cost Reduction Systems
•  Just-In-Time (JIT) and Cost Reduction
• Cost Standardization.   

• Cost Control

•  Variance Analysis
• Variance Investigation
•   Balanced Scorecard