Course Description

Cost management is the process of planning and controlling the costs associated with running a business. This five-day course addresses cost and management accounting topics relating to how to reduce and control cost elements. This five-day course addresses cost and management accounting topics relating to how to plan and control cost elements.

Course Goal

To enhance the participants’ Knowledge, Abilities and Skills necessary to identify, record and analyze costs associated with day-to-day operations and to monitor costs against operating budget to manage the available resources effectively.

Course Objectives

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

• Explain the concept of management process. 
• Determine the components of management process.
• Define cost management.
• Apply cost planning techniques.
• Apply cost reduction techniques. 
• Apply cost control and performance appraisal techniques.

Who Can Benefit

• VPs of Finance
• Controllers
• Senior Finance Managers
• Executives Accountants
• Financial Affairs Personnel