an intensive 5 - day seminar on cost analysis to support...

23 - 27 April 201710 - 14 December 2017DUBAI

An Intensive 5 - Day Seminar On

Cost Analysis toSupport Strategic Decisions

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Training Seminars & Conferences

Cost Analysis to Support Strategic Decisions23 - 27 April 2017, Dubai | 10 - 14 December 2017, Dubai

Fees : US$ 4,500

Middle East Office : Telephone : +971 4 4571 800 | Fax : +971 4 4571 801 | e-mail: [email protected] | www.euromatech.com

INTRODUCTIONCostcontrolisoneofthemosteffectiveandessentialtoolfor planning and monitoring organizational activities, aswellassupportingfuturestrategicdecision.Cost analysis is linked with strategy formulation, thebudgetary process and performance management. It iscrucial to interpret how costs behave so that realisticbudgets and plans can be produced, and appropriatefinancial and non-financial resources can be madeavailabletothebusiness.This programme explores the traditional tools of costanalysisandcontrolaswellasnewadvancedapproaches,whichreflectandrespondtothecurrentcomplexbusinessenvironment.Inparticular,youwilllearn:• The cause-and-effect relationship among business

strategy, operational objectives, measures andtargets, and systems of performance measurementandreporting

• Traditional techniques of cost analysis and controlcomparedtomodernthought

• Advancedcostingandmanagementtechniques(ABC,ABB,ABM,targetcosting)

• Overheadcostallocationandreduction• The balanced scorecard construction and

implementation

WHO SHOULD ATTEND?• All business professionals and sectors of industry,

irrespective of functional responsibilities, wherepersonnel have to plan and cost, and who areresponsibleforstrategicanalysis

• Otherprofessionalswhowould liketo increaseskillsfromhavingtheopportunitytoconsidernewideasandmethods

• Personnelonafast-trackdevelopment

PROGRAMME OBJECTIVES• Howtoaddvaluetothebottomline• Enhance cost awareness and its relationship with

strategy• Describe specific cost analysis and performance

measurementtechniques• Learning how to get from cost to strategy then to

performancemeasurement• Broadeningthemanagementaccountingknowledge• Delivermoretimelyandusefulinformationtodecision

makers• Identify andmanage key financial and non-financial

indicatorsforthebusiness

TRAINING METHODOLOGYWecombinetheoryandpractice.Usingcompanyexamplestoillustratehowthetechniquespresentedareapplied.Class discussion, case studies and exercises will beconducted in class. The Case studies and practicalexercisesareusedtoemphasizekeyissuesandunderpinlearningbyrelatingthemtotypicalbusinessscenarios.

PROGRAMME SUMMARYThis programme intends to support all organizationsimprovingthebottomline.Addingvalueandmakingmoresoundoperational&financialdecisions.Cost analysis is critical for making informed strategicdecisionsinthebusiness.No matter what background you come from, thiscourse will make costing, budgeting and performancemeasurement easily understood for every disciplineacrosstheorganization.


U.K. Office : Telephone +44 151 709 7100 | Fax +44 151 709 7181 | e-mail: [email protected] | www.euromatech.com

Day 1

INTRODUCING THE LINKAGES BETWEEN STRATEGY AND COSTING

• Managingcontemporaryorganisation• Strategic Plan, Budgeting, Costing and

ManagementControl• ManagementAccountingfororganizationalcontrol

systems• Responsibilityaccountingandtheprocess-view• Thecontextforcosting• TheBudgetanditsroleforachievingorganizational

targets• Whatisitthesituationinyourorganisation?

Day 2

COST ANALYSIS AND CLASSIFICATIONS

• Costtermsandclassification• Inventoriablevs.periodcosts• Manufacturingvsnon-manufacturingcosts• Variablevs.Fixedcosts(CVPanalysis)• Directvs.indirectcost• Under-costingandOver-costingproblems• ProblemsandExamples–Casestudyillustration

Day 3

FROM COST ACCOUNTING TO MANAGEMENT CONTROL

• Cost allocation: traditional costing and activity-basedcosting(ABC)

• From traditional budgeting to Activity-basedbudgeting(ABB)

• Activity-basedmanagement

• Decentralizedorganizations• Cost/Profit/Investmentcenters• Transfer-pricingissues• ProblemsandExamples–Casestudyillustration

Day 4

FLEXIBLE BUDGETS AND VARIANCE ANALYSIS

• Thefeaturesofbudgetarycontrol• Define the master budget and explain its major

benefitstoanorganization• Describe the difference between a static budget

andaflexiblebudget• Compute flexible-budget variances and sales-

volumevariances• Explain why standard costs are often used in

varianceanalysis• Integrate continuous improvement into variance

analysis• Casestudy,problemsandexercises

Day 5

LINKING STRATEGY TO ACTIONS: BEYOND COSTING

• Shortcomings of traditional approaches tomeasurement

• The Balanced Scorecard: linking Strategy toPerformanceMeasurement

• Financialperspective,Customerperspective• Internal Business Process perspective, Learning

andgrowthperspective• Developingandadaptingscorecard• Casestudyillustration

PROGRAMME OUTLINE


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In-House TrainingEuroMaTech is capable of conducting this training programme exclusively for your delegates. Please

e-mail us on [email protected] for further information and/or to receive a comprehensive proposal.

S e m i n a r R e g i s t r a t i o n D e t a i l s

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DocumentationHigh Quality material has been prepared by the Seminar Leader for distribution to delegates.In addition a special note pad to facilitate note taking will be provided.

CertificatesA Certificate of Completion will be issued to those who attend & successfully complete the programme.

Schedule07:30 – 08:30 Welcome08:30 – 10:15 First Session10:15 – 10:30 Coffee Break10:30 – 12:15 Second Session12:15 – 12:30 Coffee Break12:30 – 14:00 Third Session14:00 – 15:00 Lunch15:00 – 16:00 Open Session

FeesThe Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:

Hotel AccommodationEuroMaTech has negotiated special rates for a limited number of rooms in the hotel. Early registration will help to secure a room at the reduced rate.

Registration & PaymentPlease complete the registration form on this page & return it to us together with your cheque made payable to EuroMaTech.

For Further Information, Contact Your Nearest EuroMaTech Office:

U.K. Office109 Mount PleasantLiverpool L3 5TF, United KingdomTelephone +44 151 709 7100 Fax +44 151 709 7181e-mail: [email protected] http://www.euromatech.com

Middle East OfficeP.O.Box 74693, Dubai, United Arab EmiratesTelephone : +971 4 4571 800 Fax : +971 4 4571 801e-mail: [email protected] http://www.euromatech.com

EuroMaTech reserves the right to alter the content, location of the Seminar, or the identity of the speakers in case of events beyond our control.

Cost Analysis to Support Strategic Decisions

£ 23 - 27 April 2017, Dubai£ 10 - 14 December 2017, Dubai

Please register me on theComplete & Mail or fax to EuroMaTech at the address given below

Cancellation PolicyRequest for seminar cancellation must be made in writing & received at EuroMaTech three weeks prior to the seminar date. A U.S.$250/- processing fee will be charged per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due, although in such cases we would be happy to welcome a colleague who would substitute for you.

US$ 4,500/ = per delegate

Telephone: +971 4 4571800 to provisionally reserve your place.

Fax your completed registration form to: +971 4 4571801

E-mail to us : [email protected] [email protected]

Complete & return the booking form with cheque to:EuroMaTech P.O.Box 74693, Dubai - U.A.E.

an intensive 5 - day seminar on cost analysis to support...

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