Cost Analysis & Performance Measurement

Cost Analysis & Performance Measurement

 OBJECTIVES

• Enhance cost awareness
• Describe specific cost analysis and performance measurement techniques
• Select the costing measurement system that works
• Select the systems of performance measurement that works
• Discuss real case studies
• From cost to strategy to performance measurement
• Broadening the management accounting knowledge
• Enhance cost awareness
• Enhance the ability to select the right costing measurement system
• Enhance the ability to link cost to strategy to performance measurement

WHO SHOULD ATTEND?

• Professionals with direct financial responsibilities and those who would benefit from news ideas and methods
• Employees from every business discipline and department who have to run departments and plan and who are responsible for cost and strategic analysis
• Middle to senior personnel from all sectors of industry and employees on fast-track development programmes, along with other employees working in a project management environment

COURSE OUTLINE

DAY 1 – Refining Cost Accounting Systems

• Review of key Cost Concepts
• Under-costing and Over-costing problems
• Cost drivers and Activity-based costing
• Advantages/disadvantages of ABC
• Activity-based management
• Problems and Examples
• Case study illustration

DAY 2 – From Cost Accounting to Management Control

• Day 1 recap & key learning points
• Decentralized organizations
• Cost/Profit/Investment centers
• Transfer-pricing issues
• Linkages with performance evaluation
• Problems and Examples
• Case study illustration

DAY 3 – Performance Measurement

• Day 2 recap & key learning points
• Measuring performance
• Quantitative vs. Qualitative indicators
• Return On Investment
• Economic Value Added
• Problems and Examples
• Case study illustration

DAY 4 – Linking Strategy to action

• The Balanced Scorecard
• Day 3 recap & key learning points
• Introducing the Balanced Scorecard
• Linking Strategy to Performance Measurement and to Action
• Financial perspective
• Customer perspective
• Internal Business Process perspective
• Learning and growth perspective
• Case study illustration (petroleum company)

DAY 5 – The transformative power of the Balanced Scorecard

• Day 4 recap & key learning points
• Shortcomings of traditional approaches to measurement
• An integrated management model
• The role of measurement
• Using the Balanced Scorecard to drive culture change
• Driving continuous improvement
• Developing and adapting scorecard
• Case Studies illustration