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Advanced Cost Management for Business Competitiveness Course, Leading to Diploma - Postgraduate - in Advanced Cost Management,
30 Credit-Hours, accumulating to a Postgraduate Certificate,
with 150 additional Credit-Hours, and a Postgraduate Diploma,
with 330 additional Credit-Hours.
Course Contents include Information for informed management decisions, Management use of management accounting information, A new role for the management accountant, Cost management and Strategy, Basic Cost and Cost Analysis, Cost Behaviour and Cost Estimation, Different Approaches to Costing (Standard Costing, Activity-Based Costing, Product costing in multinational firms, Cost Planning and Budgeting, Decision Making with Relevance Costs and a Strategic Emphasis, key cost concepts, The accountant’s roe in the organization, An introduction to cost terms and purposes, The use of cost management information, Creating cost-aware organizations, Review of some key cost concepts, Product vs. Period costs, Direct and Indirect Costs, Cost behaviour, Fixed and Variable Costs, Problems and Examples, Different Approaches to Costing, Absorption (Full) vs. Variable costing, Under-costing and over-costing: the consequences for profitability, How to refine a costing system?, Activity-based costing (ABC) and cost-management, Cost hierarchy & Cost drivers, Linking resources, activities and management, Introducing Activity-based management (ABM), Linkages between ABM and ABC – monitoring value creation, Problems, Case Study and Examples, Different Approaches to Costing: Part 2, Job-costing systems, Process costing systems, Cost allocation, Cost allocation: joint-cost situation, Transfer pricing, Problems, Case Study and Exercises.
Advanced Cost Management for Business Competitiveness Course, Leading to Diploma - Postgraduate - in Advanced Cost Management,
Click to download the PDF Brochure for this Course
Course
Co-ordinator:
Prof. Dr. R. B. Crawford is
Course
Coordinator. He is the Director of HRODC Postgraduate Training
Institute, A Postgraduate-Only Institution. He has the following
Qualifications and Affiliations:
Doctor of Philosophy {(PhD) {University College
London (UCL) - University of London)};
MEd Management (University of Bath);
Postgraduate (Advanced) Diploma Science Teacher
Ed. (University of Bristol);
Postgraduate Certificate in Information Systems
(University of West London, formerly Thames Valley University);
Diploma in Doctoral Research Supervision,
(University of Wolverhampton);
Teaching Certificate;
Fellow of the Institute of Management
Specialists;
Human Resources Specialist, of the Institute of
Management Specialists;
Member of the Asian Academy of Management (MAAM);
Member of the International Society of Gesture
Studies (MISGS);
Member of the Standing Council for Organisational
Symbolism (MSCOS);
Member of ResearchGate;
Executive Member of Academy of Management (AOM).
There, his contribution incorporates the judging of
competitions, review of journal articles, and guiding the
development of conference papers. He also contributes to the
Disciplines of:
Human Resources;
Organization and Management Theory;
Organization Development and Change;
Research Methods;
Conflict Management;
Organizational Behavior;
Management Consulting;
Gender & Diversity in Organizations; and
Critical Management Studies.
Professor Dr. Crawford has been an Academic in
the following UK Universities:
University of London (Royal Holloway), as
Research Tutor;
University of Greenwich (Business School), as
Senior Lecturer (Associate Professor), in Organisational
Behaviour and Human Resource Management;
University of Wolverhampton, (Wolverhampton
Business School), as Senior Lecturer (Associate Professor), in
Organisational Behaviour and Human Resource Management;
London Southbank University (Business School), as
Lecturer and Unit Leader.
His responsibilities in these roles included:
Doctoral Research Supervisor;
Admissions Tutor;
Postgraduate and Undergraduate Dissertation
Supervisor;
Programme Leader;
Personal Tutor.
Duration:
5 Days
Daily Schedule:
09:30 – 16:30
Cost:
£5,000.00 Per Delegate
The course cost does not include living accommodation. However,
delegates are treated with the following:
-
Free Continuous snacks throughout the Event Days;
-
Free Hot Lunch on Event Days;
-
Free City Tour;
-
Free Stationery;
-
Free On-site Internet Access;
-
HRODC Postgraduate Training Institute’s
Diploma – Postgraduate;
or
-
Certificate of Attendance and
Participation – if unsuccessful on resit.
HRODC Postgraduate Training Institute’s Complimentary Products include:
HRODC Postgraduate Training Institute’s
Leather Conference Folder;
HRODC Postgraduate Training Institute’s
Leather Conference Ring Binder/
Writing Pad;
HRODC Postgraduate Training Institute’s
Key Ring/ Chain;
HRODC Postgraduate Training Institute’s
Leather Conference (Computer –
Phone) Bag
– Black or Brown;
HRODC Postgraduate Training Institute’s
8GB USB Flash Memory Drive,
with Course Material;
HRODC Postgraduate Training Institute’s
Metal Pen;
HRODC
Postgraduate Training Institute’s
Polo Shirt.
Having the best information is the key to success. In today’s business environment, the development and use of information especially cost management information – is a critical factor in the effective management of a firm or organization. As the business environment has changed, the role of cost management information has expanded to serve all management function.
The study of management and cost accounting yields insights into the changing roles and relationship between managerial activities and accounting intelligence. What types of decisions do managers make? How can accounting and management accounting information help managers make these decisions? This seminar addresses these questions and look at some fundamental and also advanced management accounting techniques used in modern enterprises. The aim is to equip business managers and management accounting with necessary tools and knowledge to progress in the new competitive environment.
For Whom This Course is Designed?
Non-Financial managers from all functions of an enterprise will benefit from this intensive
course, which teaches the key financial issues covered in international
Programmes. Financial managers wanting an update or ‘refresher’ of their knowledge will also benefit from attending.
It is beneficial specifically to:
Managers with direct financial responsibilities
Cost and management accountant
Financial planners and cost analysts
Senior managers who supervise people with financial responsibilities
Financial and budget controllers who are moving to wider responsibilities
Managers who need to know more about business planning, budgeting, costing terms and techniques.
Managers who have to plan, cost and budget new business ventures.
Managers and Supervisors from every business discipline and department who have to run departments and plan, cost and budget during their business lives.
First appointment managers on fast-track development programmes
Managers who require a refresher programme on the topic or who would benefit from having an opportunity to consider new ideas and methods.
Course Objectives
Participants gain the insights they need to win in the global marketplace. Key subjects that the seminar addresses include:
Information for informed management decisions
Management use of management accounting information
A new role for the management accountant
Cost management and Strategy
Basic Cost and Cost Analysis
Cost Behaviour and Cost Estimation
Different Approaches to Costing (Standard Costing, Activity-Based Costing, …)
Product costing in multinational firms
Cost Planning and Budgeting
Decision Making with Relevance Costs and a Strategic Emphasis
Course Delivery Method!
Using a combination of lectures and group exercises, the delegates will gain both a theoretical and practical knowledge of the topics covered. The emphasis is on the practical application of the topics and as a result delegates will return to the workplace with both the ability and the confidence to apply the techniques learned.
Part 1 – Management and Cost management Fundamentals: a review of key cost concepts
The accountant’s roe in the organization
An introduction to cost terms and purposes
The use of cost management information
Creating cost-aware organizations
Review of some key cost concepts
Product vs. Period costs
Direct and Indirect Costs
Cost behaviour: Fixed and Variable Costs
Problems and Examples
Part 2 – Different Approaches to Costing:
(1)
Absorption (Full) vs. Variable costing
Under-costing and over-costing: the consequences for profitability
How to refine a costing system?
Activity-based costing (ABC) and cost-management
Cost hierarchy & Cost drivers
Linking resources, activities and management
Introducing Activity-based management (ABM)
Linkages between ABM and ABC – monitoring value creation
Problems, Case Study and Examples
Part 3: Different Approaches
to Costing: (2)
Job-costing systems
Process costing systems
Cost allocation
Cost allocation: joint-cost situation
Transfer pricing
Problems, Case Study and Exercises
Part 4 – Different Approached to Budgeting
Fixed and flexed budget (static and flexible budget)
Rolling budget
Zero based budgeting
Activity based budgeting
Master budget
From costing to budget: interpreting variances (variance analysis)
Integrate continuous improvement into variance analysis.
Problems, Case Study and Exercises
Part 5 – Cost Planning and Pricing Decisions: Life-Cycle-Costing, Target costing and Target Pricing
Linking process development to costing
Target costing, target pricing and its implications
The three major influences on pricing decisions
Distinguish between cost incurrence and locked-in costs
Cost plus approach to pricing
Life cycle product budgeting and costing to assist in pricing decision
Problems, Case study and Examples
Advanced Cost Management for Business Competitiveness Course, Leading to Diploma - Postgraduate - in Advanced Cost Management,
Click to download the PDF Brochure for this Course
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