Effective Cost Management for Profit Maximization

About Course

Manufacturers and service providers incur cost in the production and provision of goods and services to their customers and consumers, therefore the determination of costs of goods produced and services provided need to be determined with certainty and appropriately, in which issues like overheads in relation to production activities need to be understood and addressed properly in order for the organization to cost and quote its products and services accordingly.

Brochure

— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —

The role of management accountant in providing information to and advise the decision makers accordingly.
The scope of management accounting in analyzing information in supporting business management.
The provision of information to assist with planning, monitoring/control, performance evaluation and decision making.
The needs for planning are the recording of forecasts into measurable budgets, such as production and sales budgets, as a form of targets for achievement.
The ability in cash flows forecasting and the preparation of cash budget in assisting the company in planning for capital requirements; and fund raising needs or investment of surplus funds.
The ability to monitor the performance of budget holders through budgets set and carry out any necessary control or corrective actions accordingly.
The calculation of variances in order to carry out an analysis of any differences between actual results achieved and budgets set in evaluating the performance of the budget holders.
The determination of scarce resources, relevant costs and revenue in assisting the decision makers in making the appropriate decisions.
The importance of, and the ability to identify cost behavior for the calculation of production costs and decision making.
Long term decision making involving capital investment appraisal.

Student Ratings & Reviews

No Review Yet